Monday, May 3, 2023, 1300ET
Market Bias for Issue #371
Our current Market Bias with Timer Digest is SHORT SPX since May 1st from 4168
Our previous Market Bias was FLAT SPX since MAR 31 from 4109
Here are the trade parameters for this week:
SPX Money Management STOP = 4175
SPX Current Price is = 4132
SPX Profit Target = 4040
|
Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
BUY |
SPY |
Friday May 19 |
411 |
Puts |
4.60 |
4.66 |
SELL SHORT |
SPY |
Friday May 19 |
404 |
Puts |
2.77 |
2.79 |
You need to execute both legs and hold it as a Put-Spread.
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Note:
When we change our Market Bias with Timer Digest, You need to go FLAT asap. With PMT Pro, that is before the Close that day and with the basic PMT, at the open of the next day. The following trading day, we will issue new SPX targets and a new SPY options trade, as long as our new market bias with Timer Digest is NOT flat.
Fari Hamzei
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