Here's my thought.. SPY is getting CLOSE ... In regards to exiting, here's my chart. IF SPY opens above the trigger or moves past it, I'll look to exit the spread that expires tomorrow.
jessiezqhhzq
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if over 209.63, bullish for tmr? under , bearish?
Reallifetrading
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If over 209.63, I would be slightly bullish actually. Therefore I would look to EXIT the bear call spread.
jessiezqhhzq
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what do you mean by
i will not even look at the bull put unless spy closes below the low of today?
and
i will not even look at the bcs unless spy closes above 209.50??
thanks
Reallifetrading
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That's my risk mitigation and defense plan. With spreads, they are all about probabilities and shouldn't be "worried about" very often. Feel free to watch these 2 videos for more info. youtube.com/watch?v=akhATyOd3_gyoutube.com/watch?v=DhuRZFQFejA :)