|
Monday, October 23, 2023, 1130ET
Market Bias for Issue #376
Our current Market Bias with Timer Digest is LONG SPX since Sept 28 from 4299
Our previous Market Bias was FLAT SPX since Sept 21 from 4330
Here are the trade parameters for this week:
SPX Profit Target = 4375
SPX Current Price is = 4232
SPX Money Management STOP = 4100
|
| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday Nov 24 |
424 |
Calls |
8.70 |
8.89 |
| SELL SHORT |
SPY |
Friday Nov 24 |
434 |
Calls |
4.00 |
4.01 |
| You need to execute both legs and hold it as a Call-Spread.
|
Note:
When we change our Market Bias with Timer Digest, You need to take action 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
|
Proactive Market Timing
