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kibakilla33

SPY Beartrap

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
kibakilla33 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Fundamental Analysis Beyond Technical Analysis
2
2
trendanalysis fundamental beyondta
Beartrap building downside momentum at 411.5 just to mass sell 413 puts into the market making spy jump then likely sell calls into market

We are in a bit of a buy zone, although the top of the buy zone is still a buy zone.
Comment:
Bullish still at 411.8 but upside risk isn't worth it coming out of buy zone. If they sell off 413 puts into market that would send SPY ripping however not a massive premium really on 413 strike.

Very large 410 premium put and 412 calls premium

We haven't tested under 410 for support so honestly market maker could decide to get above 412 premium and short 412 which has an insanely inflated premium that would get shredded with a revisit of 410 and also simply expire worthless in the retail hands if we don't go above 412. No bullish premiums above the 412 area so doesn't make sense for a move in that direction really. since there won't be any premium to take.
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