SPY
nicely forming descending wedge. May be a nice entry today for puts due to crazy drops happening the last couple days. It could also breakout to the other side so doing small risk here.
Trade active:
Buy activated $510 P exp 4/12
Comment:
Just noticed that FOMC Minutes happening tomorrow. This might throw a monkey wrench for my puts which increases this to high risk.
Comment:
May even end up selling today if it blows past support and supply levels in the last moments of the day.
Trade closed: target reached:
Beautiful dump to below supply. Was up almost 100% on my contract so I closed out. Gonna sit back and watch for any oppurtunity for FOMC minutes.