$SPY Key Levels, Analysis, & Targets

$SPY Key Levels, Analysis, & Targets

So what I’m hoping to see is a little bit of an IV crush and maybe a little run up to the moving average so I can roll up my 424 puts… (I haven’t updated for a few days because of a very annoying internet issue I was having which never ever happens, but I rolled my 441 puts down to 424 collapsing in on that credit, and my 430’s to 419) I would like to widen the strikes a bit - so if we see a little bounce here that would be good. (Like an inverted cup and handle?)
The lower VIX goes, the more cheaply you can roll up for (and on the way down, the higher VIX goes, the more credit you can collect rolling down)

I'm so tired right now I hope that I'm making sense... 😆







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On the Put side:
When VIX goes up, roll long puts down and short puts up to collect premium.
When VIX goes down, roll short puts down and long puts up, to strengthen your position.

On the Call side:
When VIX goes down roll long calls up and short calls down to collect premium.
When VIX goes up roll long calls down and short calls up to strengthen your position.
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.

IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…