SPY Trading range

Buy/Sell the Breakout- 6.5 % move potential


Caution-
- trading ranges suffer many false breakouts
- TA is for Real!- how can the much money and price action turn 5 pivot points within pennys?!?

Comment:

SPY looking for HL
- target middle of trading range

option purchase requirements
1. Delta over 0.60
2. Target date plus 21 units--- ex: target is in 45 days. 45+21=66 days out minimum
3. OI at least 100, more the better
4. close bid ask spread
5. higher volume the better


option target date
54 hourly candles/units puts it on 12/12/2018
54+21= 75 hour candles. 7.5 days out minimum

SPY181219C266
Delta 0.63
$6.55
OI 3300