Wednesday, October 23, 2024, 1330ET
Market Bias for Issue #390
Our current Market Bias with Timer Digest is SHORT SPX since Thursday, October 3 from 5,699
Our previous Market Bias was FLAT SPX since September 6 at 5,408
Here are the trade parameters for this week:
SPX Money Management STOP = 5,880
SPX Current Price is = 5,783
SPX Profit Target = 5,670
|
Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
BUY |
SPY |
Friday Nov 22 |
576 |
Puts |
9.59 |
9.65 |
SELL SHORT |
SPY |
Friday Nov 22 |
567 |
Puts |
6.36 |
6.84 |
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 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
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