$520 Profit
SPYLong Option
Jeffdewy

Entered anticipating a bounce of S/R level $738.55. I was a few minutes early as better volume with a retest and break of this level happened 10 minutes later. It would rocket to the top of the hour breaking a former ATH $740.80 and would reject with a blow off top green candle with the highest volume of the morning at $741.42. I got out as soon as it started to top wick with this extreme volume anticipating some pullback

000

DatePrice
Entry5/18/20260.55
Exit5/18/20261.07
  • Total Views13
  • Position Size10
  • Percentage94.55%
  • Option TypeCALL
  • Strike742.0
  • Expiration5/18/2026
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