You just posted a 3x trade. At the time of your post (12:16 PM EST) the SPY was trading at $207.17. SPY closed at $210.42 today. 207.00 SPY March 20 Calls closed at $3.61. 207.50 SPY March 20 Calls closed at $3.10.
Not sure I agree on this one. why not trade the 90/115 1x2 assuming the trade is sufficiently delta long vs a bear ratio spread? Unless you put the bear ratio on for a big credit,how much will you make if you are dead right? Personally, I see no edge in trading options directionally as opposed the underlying Unless trading the weeklys,punting or when vol is super cheap
bear put ratio is directionally short, which I recommended for going short because of the likely rise in iv. I didn't recommend the bear call ratio for a long position., but is doable imho. Sorry for the confusion.
Typically when i go long its because i expect a reaction to the upside, neutrality is not something I can predict. Based on the above posting, I should keep doing what Ive been doing, buying calls or buying puts at the strike of the designated target. I wish I could simply buy the shares as sometimes the spread on low volume stocks is extremely unfavorable, but when I do that I lose a great deal in the risk management department. Thank you all very much for sharing your views.
Weekly debit spreads on ES when RSI14>70 or <30 . 1.5 Month to expiration OTMs on NG when there is divergence between MFI and price. Trade in direction of the trend, wait for pivot points.