Demtdayboyz going to get a bargain. I'm lowering my outlook as of right now. I think we will trade to ~1340 as long as we do not make a lower yearly low. Any option gurus want to chime in on how this can be played on a swing trade if one thinks the downside is 1240 cash and upside is 1340 using spy options with a 6 month timeframe?
Forget about long term plays and keep ringing the cash register for dozens of points per week, as it seems you are doing. Any other use of your cash is clearly sub-optimal.
timeS CT bot at 12:20 @1259 closed 12:27 @ 60.25 -- bot at 12:52 @1259 closed 12:27 @1258.25 ----- bot at 13:24 @1259 closed 12:27 @1257.75 OWW ----- NET -0.75
I don't know - they longer they keep at this the more I think they'll run the 57.25 low. I think they will and flush out the stops.