Quick Idea for SPY:
- 50 DMA offers a quality stop long.
- Looking for Right shoulder/DCH.
- There is weakness in dominant cycle, but looking for a Daily Cycle High before OpEx (markets tend to rally right before Quad witching).
Not expecting the dip buyers to let this support break so easily, without at least 1 bounce. We could get punished for going against our macro view, but the market presents an opportunity.
Long SPY Sept 22 450C @ 0.58 debit
GLHF
- DPT
- 50 DMA offers a quality stop long.
- Looking for Right shoulder/DCH.
- There is weakness in dominant cycle, but looking for a Daily Cycle High before OpEx (markets tend to rally right before Quad witching).
Not expecting the dip buyers to let this support break so easily, without at least 1 bounce. We could get punished for going against our macro view, but the market presents an opportunity.
Long SPY Sept 22 450C @ 0.58 debit
GLHF
- DPT
Operación cerrada: objetivo alcanzado:
Closed for 1.15 credit (+98% gain)
Comentarios:
Sell Rosh Hashanah, buy Yom Kippur (early)