@userofintellect Love this type of question for learnings! Given the question is about trading SPY for this week, it is an 1hr chart and PPI on Thursday. I will buy $517 straddle Friday expiry, set target price on both legs for profit taking.
@prosper5454 The daily info provided by the EZPZ Strike indicator, I believe is best to close by the day. However, I found buying 1DTE works out better for me so that I won't get a heart attack on choppy days π
@KimballBob@userofintellect I did similar things as you were. In hindsight, perhaps following the trend line? e.g. today's is a redline, sell call at VWAP and targeting Put leg at 3sd or expected day low. I initially had the price set at day low, but chickened out and sold too early.