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. In the morning we could not accept the reclaim of the 5070 level (5075+ and hold). So we ended up selling off all the way down to a low of 5057.29, just below the 5059 level before rallying afternoon and into the close to a high of 5080.69.

See how well the levels work?

Now that we’ve reclaimed/accepted the all important 5070 level, are we out of the woods? What are next targets and must hold levels below to keep us on a path higher?

More in the trade plan below.

The $SPY 1DTE 505 puts ran from a low of $78 to $141 = 81% gain.

I traded these from $90 to $126 for 40%. I also traded some 0DTE puts and then near the end of the day opened 10DTE calls. These I took 10% off into the close for profit and then will swing the rest overnight. 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 good. We couldn’t breakout the must reclaim level in the morning, then we came down to test target 1 to the downside, then it was all up from there. Once we saw the defense and breakout of level above we knew where we were headed. Always trust the levels!

Now we are sitting in AH right on the key 5077 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.

A lower low and a lower high but we defended and reclaimed critical level late in the day.

Quick volume check:

Even lower volume. Most of the day was down so this could (not confirmation yet) be good for a move higher.

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

Tomorrow we have data pre & post open including GDP & fed member speeches.

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.