SPY stalling just below the 332 level. RSI flirting with the overbought line and MACD seems to be slowing momentum. Looking sell a quick Call Spread Spread at 335 with 1DTE.
Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Trade active:
In at 1151 EST for .11 credit per contract.
Comment:
SPX printing a MACD cross to the negative side. Will have to see if SPY follow suit.
Trade closed: target reached:
SPY challenged this call all day long but finally settled OTM.