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Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

Secure your stake before the offer closes.

Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

There seems to be some confusion as to the premium subscription and the discord chat. If you are premium and you do not have access to the “Premium Members Only” channels including “members-only” please authenticate yourself in the “bot-request-premium” chat. Or send me a DM in the discord!

Also - if you missed it - join our chat during market hours for premium subscribers. We are now leveraging discord for this. Link is at the very bottom of premium content: Trading Plan section below.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In yesterday’s letter, I wrote:

This is what happened. We did not need to retest 5185 and 5199 mostly held with some failed breakdowns most notably before the open.

Then, after the open we reclaimed the 5215 level and blasted all the way to 5228.75, just above the first target listed above.

Then we chopped, dipped to test 5199 again and then reclaimed 5215 by the close/after hours.

See how well the levels work?

Now that we again defended key levels and then chopped, what does that tell us for the rest of the week? What levels above and below show us the way?

More in the trade plan below.

The $SPY 0DTE 520 calls ran from a low of $25 to $133 = 432% gain.

I traded these as called out in the chat with a scalp from $65 to $95 and then traded an SPX call later in the day. Unfortunately I was only able to call out “Long” and not the full position as it happened so fast. More in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels from the prior letter were great. It was key when we didn’t test the most critical level again and reclaimed the second key level prior to the open. Then we based for a blast up to first target. Always trust the levels!

Now we are sitting in AH right above the key 5213 support level. What does this all mean and where do we go from here? Read below for my trade plan which includes actionable support & resistance levels, outlook for the next session and today’s trade recap.

Learn the system to make 1-3 low risk, high reward trades per day using SPY/SPX options.

If you are enjoying this letter, consider sharing with a friend! We even have a referral program where you can earn free subscription time for referring others that sign up for a paid subscription.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 6/29 & all overnight action.

Important to zoom out and take it all in once in a while. Yesterday we tested and defended the March 20th FOMC breakout origination. Today we opened above this point by 12 points and rallied a nice 34+ points. Now, even in after hours we are defending the lows of this new range.

Quick volume check:

Higher volume supports the move.

Tomorrow we have more unemployment data as well as a few Fed Member speeches.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’ve created a separate channel in the discord just so you can not be shy about bringing those questions to the group. No question is dumb, we grow stronger together!

In fact, I’ve created this single resource as a guide. It is a living document and we will continue updating it. You must be logged into the site to read it:

https://letter.spyoptionsactionablelevels.com/p/strategy-guide-the-basics

As readers know trading after a massive move in either direction is risky.

Trying to predict when trend will break is a fool’s game because the trend can be stronger than you ever realize.

Going with the trend is hard because it has already run so far (or dropped) and move may be close to over.

All you can do is pick your entries carefully and with proper position sizing. Trading out 1-3 DTE or further also helps soften the blow.

Yes it will decrease the amount of profit but will greatly help keep you in a trade long enough to see return.

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