Here is my Options layout:
(SPY) Mar 14 187.00 CALL / 1 Contract / Swing Position
Buy: $1.25
Stop: $182.63
Target: $187.79
Tuesday, February 18, 2014
SPY Trade 2-18-2014 LONG...
Well I am going for a long position attacking SPY. This may be a chasing trade, which I am not fond of, but I will give it a shot. I think we could see new highs. The way the price dropped and then came back so strong it's giving me the indication that traders and investors are coming back after being chased away. The price should hit some kind of resistance around $184.90. If traders and investors continue buying we could easily break through that recent resistance and head higher. Let's hope that is the case...
Here is my Options layout:
(SPY) Mar 14 187.00 CALL / 1 Contract / Swing Position
Buy: $1.25
Stop: $182.63
Target: $187.79
Here is my Options layout:
(SPY) Mar 14 187.00 CALL / 1 Contract / Swing Position
Buy: $1.25
Stop: $182.63
Target: $187.79
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