SPY
A megaphone technical setup happen when theres a widening interest in demand and supply on what is actually fair value zone that they wanted to buy in. Thus causing a bigger and bigger swing in the top and bottom floor and ceiling of prices.
Biggest mistake that Ive done so far would be anticipating market turning point, thus causing me to always be losing money especially couter trend moves. Rather than Anticipation/predictive moves, why not wait for market to let u know when they have turned. + alittle Strong up volume moved in the right direction?
Compounded with little time to expiry options. Adding more undue stress to the position.