$SPY up to $614 as final blow off top move?

7 dni temu

I initially thought we'd see a move down of 5%-10% pre election. I played the move through UVXY calls.

We didn't end up seeing the full move play out that I had expected, but was able to capitalize on the move down yesterday when UVXY was above $30. I sold all my calls yesterday as I expected downside to only be possible prior to Nov 1. So far, it's looking like that was a good call as we're starting to see a bounce today.

Now that we've in November, I expect a bullish move to play out through the election and after for a final blow off top.

I think it's likely that we see a move to $614 over the next two weeks.

I'll be buying 600C today for 11/15 to try to capitalize on this move higher.

Let's see if it plays out.

7 dni temu

Uwaga

Bought
40 contracts of 600C for 11/15
200 contracts of 605C for 11/15

4 dni temu

Uwaga

Added another 50 contracts to both

3 dni temu

Uwaga

Brought my position totals to:
91 600C 11/15
250 605C 11/15
167 606C 11/15

Looking good so far. Let's see.

wczoraj

Zlecenie aktywne

The move should play out by next Wednesday 6/13. It may surpass target up to $617-630 as a strong blow off move.

wczoraj

Uwaga

Added 100 607C for 11/13 at .24 this morning.