Bear or Bull? We got bothAMEX:SPY
📊 AMEX:SPY Options
Range: $572 to $574.73
📜 $574 CALL 10/18
Entry: 15-30 min CLOSE ABOVE $574.73
Target: $578
📜 $574 PUT 10/18
Entry: Rejection and 15-30 min CLOSE BELOW $574.73
Target: $572, Trend support (Currently at $571)
A rare occurrence of a green September. We expect extremely high volatility over the next 4-6 weeks, especially considering the election and the polarizing nature of the candidates. We could see heavy volatility within the semiconductor space. A 10-15% pullback in semiconductors would also bring down the major indices as they are a heavy component. We have seen how fragile this market is (8/5/24).
Last week, our call went for 60%+. This week, let's see.