LOOKS LIKE THE BULLS FOUND THEIR ONUS!

Think now that we bounced off support the SPY Option is still worth doing? Its about the same price.

Got it!

How long should we watch for the trade today before we wait for Monday? 

Happy Birthday Matt ,  hope the pup is recovering quickly!

Hey Matt, Im just a dummy but what has worked for me is rolling the SPY trades which have been spot on. Using the current trade I bought the SPY 393 after hours on the 12th when the note came out 10 contracts=$22600ish iI mental stop of $2 for about a 10 % loss  it later traded up the next day  and when I had over a $1500 gain I rolled to the just in the money 405 Calls and by the time I did the trade had a 2K gain so keeping my stop margin I was at break even if it failed. Today SPY is over 415 so I rolled up again, took risk off the table and lowered my cost basis.............The numbers work as follows         BUY SPY 393C...22600 (APPRX)

.........................................................................................................................................................SELL SPY 393C ...24600 +2k

..........................................................................................................................................................BUY SPY 405C...15700  (using 2k stop now break even)

..........................................................................................................................................................SELL SPY 405C...17100

...........................................................................................................................................................BUY SPY 415C....10300...........now with the extra credit my cost basis is about 6900 for a Call selling for

                                                                                                                                                                                                                                             10300, I have a 1500 stop loss locking in a 1500 profit at the moment

Thanks for all your help....John

So are you recommending to sell bitcoin related stocks and buy Gold stocks ?

Thanks Matt

Hey Guys missed the SPY call on last week think an entry today on a lower open would make any sense?

I bought calls got a great roll in set a high stop sold on the open...it worked

Great call on  VERU guys !

Hey Matt...Im out of SPY but got the notice too late on Friday to get back in, was going to do some slightly ITM options, has the train left the station, or do you think it would be worth doing....Thanks  (BTW is there a way to get a bit earlier notice during the trading day)

As a new guy to your site I would find it very helpful if you label the official DVT (or simple for us dummies) to help identify it from the other more advanced trades, it would avoid a lot of confusion at least for me.....Thanks

Ok now Im totally confused, The SPY 3300 Kiss stopped out and I have been waiting for a reentry signal. Are you saying we can now get back in SPY if we are following the KISS system?....Thanks

I believe CNBC said 3PM EST today

It would be helpful for a simple box or link. I thought they might be waiting for a bounce.