Bull & Bear Top Options February Week 1

SPY

Weekly Options 2/4/2025

We are still trading in the same range as last week from $591 to $605. This week we will trade this same range using 15 to 30 minute candle closes for confirmation and stop-loss.

$605 Call 2/18 or 2/21
Entry: Breakout over $600, buy off retest
Targets🎯: $603, $605, $608

$595 Put 2/18 or 2/21
Entry: Breakdown under $600, buy off retest rejection
Targets🎯: $595, $593, $591

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