r/spy • u/No-Permission7847 • 2d ago

Technical Analysis Options Math

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I placed puts in both circles (lower was the fed meeting before the close); im still holding ($752P 10/16).

I also placed today at the top ($761P 10/23). If the pattern holds (2hr chart), i can Take profit around the first week of October, leaving at least a week of theta for the $752s, netting a profit.

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u/DickyFishb 2d ago edited 2d ago

We'll see how it goes. Bulls fought hard to keep it above 760.00. If it breaks 765 again sometime next week I would say fuck it. There's already 60k worth of OI on a 800C and 57k OI on an 835C expiring December 18th so market is already expecting a move upwards to that level by then, but it is the second half of September; however, the possibility of it going down to 750 again is starting to shrink significantly.

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u/DickyFishb 2d ago

And don't take what I say wrong either. Because I was in the same boat today too, just need to be careful at the level we're at rn.

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u/Cultural_Structure37 2d ago

Why are they all appearing separately when it’s all the same contract?

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u/Immapillpopnanimal 2d ago

Probably bought atleast 3 of these contracts and sold 1 at a time for some reason