Spy trading inside the tight Range

6 Ara 2023

I am not adding any long term positions. I am adjusting some Delta as we move up.
Trade short time frame trades until the consolidation is exceeded.
When this breaks out I think we could see a nice sized multi day move so be ready.

6 Ara 2023

İşlem aktif

I failed to mention, I do not take the first breakout of a range. Often this is locations stop sweeps on both side of a range can happen causing a range expansion or mega phone structure.

8 Ara 2023

İşlem aktif

upper boundary is being tested, just like I said a stop sweep could happen. I will wait for Monday before deciding if this break out looks legit or is it coming back inside. Back inside is my expectations, but ready for either event.

13 Ara 2023

İşlem kapandı: hedefe ulaştı

$8 move from post, I feel this is no longer at risk and a trail stop protecting gains if not closing all now. it was a win for option holders not for the stock with stop loss.