This week was a brutal week for traders if you did not hedge your longs.
SPY
is closing the oct 14th 2021 GAP during afterhours as I am typing this up.
I expect price to bounce around 436.74 and head up from there.
For this trade :
-Buy calls when price breaks and closes above 447.87
-Sell some at PT 1
-Sell some or ALL at PT 2
-Remember this might be a dead cat bounce so be careful when holding past PT 2
-Let the rest ride and sell when you see signs of reversing
I am holding Long
SPY
options
SPY
is closing the oct 14th 2021 GAP during afterhours as I am typing this up. I expect price to bounce around 436.74 and head up from there.
For this trade :
-Buy calls when price breaks and closes above 447.87
-Sell some at PT 1
-Sell some or ALL at PT 2
-Remember this might be a dead cat bounce so be careful when holding past PT 2
-Let the rest ride and sell when you see signs of reversing
I am holding Long
SPY
options