Chart of the Week (6/14/2020)
Trade Idea - SPY Major support area here for the SPY, even at the height of the coronavirus pandemic bears failed to break right through here. Option $317 calls may seem very risky here but a nice pullback below the 200MA should provide
great risk/reward for a potentional gap fill.
Short Term Option Trade -
We all have different time horizons, long term trades for me are at least 2 days long but once my price target has been reached I remove risk.
RISK DISCLAIMER: Trade at YOUR OWN RISK, I am NOT a Financial Professional and I do not post nor offer financial advice. My trade ideas are simply visual representations of my thought process.
