$SPDR S&P 500 ETF (SPY.US)$4/22 strike 282 call option we are not buying the open on this time we're going to wait a few minutes let it turn down and then try to catch it at the bottom
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Trader-101
OP
:
this is also only going to be a day trade swing at most to the following morning most likely day traded
Trader-101
OP70078149
:
no I didn't take a stab at the spy yet but I think you'd be safe to get a call option here and I'll write it out but remembered don't take any more than a 10% loss cut your losses if it goes down 10% on the option but with that said I think it would be okay to grab one
KennSpeed
:
I had the two contracts from Friday, took the punch in the mouth because oil drove prices down this morning. I am thinking of holding due to SPY expectation to go up.
Trader-101
OPKennSpeed
:
yeah I think we're going to get a cell off at the beginning and then we're going to start seeing everybody trying to the green
Trader-101 OP : this is also only going to be a day trade swing at most to the following morning most likely day traded
70078149 : Are you in spy yet
Trader-101 OP 70078149 : no I didn't take a stab at the spy yet but I think you'd be safe to get a call option here and I'll write it out but remembered don't take any more than a 10% loss cut your losses if it goes down 10% on the option but with that said I think it would be okay to grab one
70078149 : Ok thanks
KennSpeed : I had the two contracts from Friday, took the punch in the mouth because oil drove prices down this morning. I am thinking of holding due to SPY expectation to go up.
KennSpeed : I am holding onto SPY because level 2 data shows the sentiment is very bullish.. I won’t panic on this one.
Trader-101 OP KennSpeed : yeah I think we're going to get a cell off at the beginning and then we're going to start seeing everybody trying to the green