SPDR S&P 500 ETF Stock Discussion

Ultratech OP : on weekly this goes back a few years. I'm showing growth zoom in on last detail which could mean a lot little grey dot further row of greens someone always asks just click on chart look at the rows of green dots that grey starts a new one it alternatives with reds and usually follows through we are high but after volatile earnings week as long as nothing unpredictable happens should see another leg up there

WarlockofWallstreet : it retraces after every all-time high, then sets a new high 2-3$ higher. It has been doing it since 575$. Every time it pulls back, ppl scream crash on a 1% to 2% retracement it's ridiculous, like every week it's the "end" of the world. I do think at some point it will need to dip to collect liquidity for it to keep going, but if you're long-term, I wouldn't stress. I got some leap year calls. I think we will tap into 612 and retrace to 610-609, then 614, and retrace 612-610 by next friday. Then 616- 620 in two three weeks. in 3-4 weeks, likely 630ish, February 21st, and 28th are really heavy on put option OI then maybe a bigger dip back down into the 590s, fibonachi retracement supports these levels also.

ひな☆彡 SOXL(Bull) : My only success with the long call option was choosing the option chain with much higher strike price and much later expiration date, so that I can trade through only volatility of the underlying stock without worrying about time decay.

Trading Strategies OP ひな☆彡 SOXL(Bull) : “Thanks for sharing this strategy! Focusing on later expiration dates to avoid time decay makes a lot of sense, especially when trading on volatility. I’ll definitely consider this approach for my future trades. Appreciate the insight!”

GERO74 : ouch!!!

Shivanii666 : wow this turned around quickly

TokenSleep : I feel like this happens literally ever week. I got in calls pretty close to TDL. Looking for a gap up over the weekend and then puts at open on Monday. I had a good day scalping.

Drewski007 : i did the same. im gonna hold a few puts through the weekend. im thinking monday should be red

xceantex : Good job see profits take profits

Mien : short or put?

WarlockofWallstreet OP : calls and puts, i haven't tested others

Theophilus Johnson : me too

Drewski007 Theophilus Johnson : meee three