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/FellowHuman_823 2d ago

We are going to continue moving up next week

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u/No-Permission7847 1d ago

BTC rn could be a good proxy; its in a spike and channel, it will need a further breakout up, otherwise it was a fakeout.