Get in on SPY calls!

SPY is a higher leveraged QQQ. We are going to get in on this because the market is due to climb over the next 2 days or so due to the signal it flashed with the double reverse hammer candlesticks.

I think what has happened here is that the market already absorbed the mental hit of interest rates going to be hiking up quicker than thought and now it is buy time. So we are going to get in with SPY calls, but not too close to expiration so that time is more on our side and that things dont erode to quickly. Im thinking 1 to 2 weeks out. Our in is below before the market closes:

PY MayWk4 204 Call

1.90

1.88

1.89

19,842

Thats all for today. Have a good night, I will see you right here tomorrow.

Tradinginsider