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 - First few lessons launched on 2/19!

What we’re reading:

In yesterday’s letter, I wrote:

This is what happened. We did not need to retest lower overnight and ultimately reclaimed the 5085 level. This set us up well for the long in the regular session after a dip (that did not lose the key level). Then we rallied all the way to a high of 5127.97 (just above the 5125 level noted above) and then chopped/sold rest of the day.

See how well the levels work?

Now that we defended yesterday’s sell off by reclaiming the key level, where do we go from here? Was the afternoon sell significant and what critical levels are must hold?

More in the trade plan below.

The $SPY 2DTE 511 calls ran from a low of $157 to $313 = 99% gain.

I traded these called out in the chat from $200 to $273 for 37%. This was my only trade. I did want to long later in the day when we defended the 5090-5094 area a couple times but I restrained myself! 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 mighty fine. When we reclaimed the key level that we lost yesterday overnight, it was all about finding a good long entry in the regular session. We did so after awaiting the dip to be complete and away we went. Then, volume came in the afternoon and chopped us around but we defended the lows. Always trust the levels!

Now we are sitting in AH right on the key 5105 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.

We are right back into the range from last Friday’s breakout. It likely will be choppy as we continue filling this out but we at least know our range and can see when we breakout or break down from it.

Quick volume check:

Nice higher than yesterday’s sell volume on this rally day.

Tomorrow has more unemployment data, Powell testifying again (more of the same) and another Fed Member speech.

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.

Subscribe to Premium to read the rest.