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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 held fine overnight but on PPI data prior to the open we dropped all the way down past the 5201 level and quickly reclaimed. This led to a rally to 5229 first target prior to the open. Then after the open a retest of 5217 level we rallied hard all the way up to 5250.37 just past the 5250 level.

See how well the levels work?

Now that we have rallied ahead of CPI, where do we need to hold? What targets above will show the way and what does volume tell us?

More in the trade plan below.

The $SPY 1DTE 525C ran from a low of $61 to $163 per contract = 167% gain.

I traded these along with 1DTE puts opened at the same time with a plan to hold into CPI tomorrow. Instead, I closed the calls near the highs and then exited the puts near the close on a dip. Obviously lost on the puts but the calls more than made up for it with a total of $39 gain per contract which represents 25% gains just from sitting on it all day. I’ll take that. This is due to IV increasing and the call side winning. If I had known I was closing it today I would have only opened the calls. I said in the chat that this is where I would be looking for long entries but I didn’t expect we would have this move today. Then, when I closed the calls the puts were paid for, so I almost held them into tomorrow but decided against it as we didn’t lose key level end of day. 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. Honestly we knew with the stab down in premarket and defense where we were headed. The right move was trading futures on that move long. Always trust the levels!

Now we are sitting in AH right above the key 5242 support level. What does this 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

An outside day.

Quick volume check:

Volume increasing just a bit into CPI which all eyes are on tomorrow prior to the open.

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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