Thoughts on the strike you

    Posted by jtsurfah on 2nd of Aug 2019 at 03:37 pm

    Thoughts on the strike you might choose if going the option route on the SPY trade?

    I'm looking to go long now on the break above 293. .

    it's covered in the email

    Posted by matt on 2nd of Aug 2019 at 03:38 pm

    it's covered in the email below, for Trend I go out further in time and deeper in the money because it's a riskier trade, for Strap I don't go out as far and lower in the money because of its super good stats and low draw down and short hold times

    I'm not an option expert guys, there are I'm sure much better ways to do this stuff, my thought is that as long as the SPY trades are good they option trades will work out even if they could be done better. 

    I'm not an option expert

    Posted by matt on 2nd of Aug 2019 at 03:44 pm

    I'm not an option expert guys, there are I'm sure much better ways to do this stuff, my thought is that as long as the SPY trades are good they option trades will work out even if they could be done better. 

    also options trade until 4:15, so you have 15 min after the close to enter them

    For the ETF you have up to 4 hrs as ETF trades until 8 pm in after hrs market

    sorry guys this is going

    Posted by matt on 2nd of Aug 2019 at 03:53 pm

    sorry guys this is going to go down to the wire, as the Strap is back and forth between taking the trade and not, so I have to wait for near close to confirm

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