For most of you,
SPY
options have been an extremely lucrative, unpredictable, and volatile chain to work with. A lot of money to be made, but the same goes for losses. I over the span of the most recent down-trend (after close on 9/10) I was able to identify some solid support/resistance levels that has leveraged me in my options trading. This strategy along with confirmation from my indicators have worked out really well. If you add these levels onto your chart, you will see that they actually come extremely close to the Fibonacci levels as well. Staying neutral, I was able to day trade these options up and down and finish for the day by no later than 9:00 PST. Lets see how this holds up
Top Lvl 1: 448.54
Lvl 2: 447.18
Lvl 3: 446.33
Lvl 4: 445.55
Lvl 5: 445.07
Lvl 6: 444.42
Lvl 7: 443.94
Bottom Lvl 8: 443.41
Happy Trading
SPY
options have been an extremely lucrative, unpredictable, and volatile chain to work with. A lot of money to be made, but the same goes for losses. I over the span of the most recent down-trend (after close on 9/10) I was able to identify some solid support/resistance levels that has leveraged me in my options trading. This strategy along with confirmation from my indicators have worked out really well. If you add these levels onto your chart, you will see that they actually come extremely close to the Fibonacci levels as well. Staying neutral, I was able to day trade these options up and down and finish for the day by no later than 9:00 PST. Lets see how this holds up Top Lvl 1: 448.54
Lvl 2: 447.18
Lvl 3: 446.33
Lvl 4: 445.55
Lvl 5: 445.07
Lvl 6: 444.42
Lvl 7: 443.94
Bottom Lvl 8: 443.41
Happy Trading