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TexasTourTrade
Jan 10, 2018 2:34 PM

SPY OPTION OUTLOOK Long

SPDR S&P 500 ETF TRUSTArca

Description

Small correction until End of Month. Breakout from Regression trend. Could see bullish through Februrary before possible correction in Q2. I like Iron Condor at 272-275 Strike with 30 Days and Strangle Options at 277 strike end of Q1 from 41 to 60 days out . Always do your DD. This is not professional advice.

Comment

Breaking out. Thought we would see a few days like Wednesday for rest of month. Condor is off the table for me now. Might expose some risk and go for straight 275 call 31-45 days. Would need to net more than 3 days down on the market until February expirations to get below 275. GL
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