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$SPDR S&P 500 ETF (SPY.US)$ I hope you are using stop losses...
$SPDR S&P 500 ETF (SPY.US)$ I hope you are using stop losses. With that said, I would buy a call option, purchase it at 3:55, 5 minutes before the market closes, and hold it through the regular market swing until next week.
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KennSpeed : I was looking at Level 2 data for SPY this morning. However, I saw a lot of sellers over the buyers so I didn’t move in on this one. I’ll buy SPY 5 minutes before closing also.
KennSpeed : Hi Knowledge,
If this was 5 minutes before closing, which action would you take and why would take that action? Just want to know your thought process. Thank you.
TrinityRose : @KnowledgeIsPower what strike price?
Trader-101 OP KennSpeed : I simply recommended it that way because usually people sell off in the market but the opposite effect happen because of an announcement about Gilly people started buying towards the last hour so with that said obviously use your best judgment and buy where you see opportunity unfortunately I wasn't on here to even announce it or to recommend it