SPDR S&P 500 (ETF) SPY – Review
As any of our regular readers can attest, we routinely use the SPY as a market analogue to trade current trends. It has been one of the top sources of big gain quick-strike trade opportunities for us over the past several years.
Yesterday morning, the fresh, and quickly expiring idea we put out was the SPY 06/15 $300-298 Puts. Our two big chances came within the seventy minutes of trading, with a couple of distinct and volatile swings in this one-session play. Each contract set made the following moves before the markets headed north for the remainder of the day:
SPY 06/15 $300-298 Puts
$300: 2.91-4.34 (+49%) | 1.46-2.31 (+58%)
$299: 2.41-3.73 (+55%) 1.15-1.87 (+63%)
$298: 1.97-3.12 (+58%) | .87-1.56 (+79%)
Fresh Options Ideas:
TJX Weekly $54-55.50 Calls
FLEX Weekly $10-10.50 Calls
FLEX 07/24 $11-12.50 Calls
Extended Watchlist:
HYSR, OPTI, CELZ, IGEN, BYRN,