Looking for SPY to enter green zone ($381.3 - $382). $384-$385 is looking to become the new resistance, this is where I entered. My contract expires 7/13, going to try and squeeze some profits tomorrow morning and take this to $382. Also seeing a rising wedge pattern along with a triple top, for those reasons I am strongly biased on Puts.
Comment:
Looks like SPY is breaking the support level at $381, I will continue to hold my puts and take try to take these to $377 - $378. If it drops to $380.7 I will be securing some profits today and hold the rest of the contracts till tommorrow.
Trade closed: target reached
Comment:
Tooks profits and re entered trade, Looking for $377.