SPY Guy

Options trader here. Mainly trade SPY, sometimes individual bluechip stocks. I trade based on levels and what the market presents to me. Lets make some money!💰

[SPY Guy @SPYGuyTrader]

@linatheJewish @Ford No one cares!

[SPY Guy @SPYGuyTrader]

@Ford Free Palestine! 🇵🇸

[SPY Guy @SPYGuyTrader]

What a selloff today in the market!

$SPY broke previous low of 422.77. I patiently waited for a pullback as you can see the wedge pattern formed.

After the breakout pattern, rejection from previous 422.77 resistance and below my 9EMA. I went in with 100 put contracts (red arrow is my enter).

Scaled out half my position at 20%, then another 30 contracts at 27% and sold my remaining where the green arrow is showing at 50%.

I wish I held some runners below the break but can’t complain 🤷🏽‍♂️.

This is my type of A+ setup I like to look for

[SPY Guy @SPYGuyTrader]

$SPY on the 1hr chart has higher lows formed.

Above 430 break I have 432.5, 435 levels for scalp targets. Above 435 we don’t have much resistance until 444.3 area.

Let’s see how this week plays out but these are the levels I’m watching for call play😎

[SPY Guy @SPYGuyTrader]

$SPY on the weekly chart has a nice trend line support. 422.29 was where we bounced from also touching the trending support.

This can be a high probability setup for call options.

We break below then get your 🐻 cap on.

Stay tuned!

[SPY Guy @SPYGuyTrader]

@stockplaymaker1 Detroit

[SPY Guy @SPYGuyTrader]

$SPY had I nice rally. I like this healthy pullback/wedge pattern forming.

I’d like to see spy make another higher low near 427 area where we initially rallied from the range break out.

Break out of wedge I’ll be going long targeting 430

Any thoughts?

[SPY Guy @SPYGuyTrader]

💡 $SPY Trade Idea 💡

We had a large selloff yesterday filling the gap near 422.50. Then a strong rally with volume.

I would like to see a retest near 423.39 area and move up.

For the upside I will be targeting 428.27 area as this is a big resistance.

For the downside break below yesterdays low I’m targeting 420 - 419 area

Safe trading everyone!

[SPY Guy @SPYGuyTrader]

We reached low of day. Sold 3 more contracts at 36%. I’m holding these last 3 contracts to see if we reach 425.80 😎

[SPY Guy @SPYGuyTrader]

My second entry on the last call, went in with 25 $SPY put contracts.

Shaved 15 contracts off on the first initial push down to secure profits

On the runners I was up over 20%, shaved another 4 contracts off

Holding 6 to low of day or break even

Anyone else play?

[SPY Guy @SPYGuyTrader]

@MichaelFerraio6 Let’s Goooo!

[SPY Guy @SPYGuyTrader]

Failed at the 428.27 level, broke trend line support and now coming back down. Going back in on puts.

424 put option, next day expiration.

I will stop out above 428

[SPY Guy @SPYGuyTrader]

I’m targeting low of day 427.

[SPY Guy @SPYGuyTrader]

Quick 20%, shaving off 6 contracts to secure some capital. Leaving 4 runners to my target of 425.80 or until break even. Simple as that folks.

[SPY Guy @SPYGuyTrader]

Watching near 428.27 super level. I’d like to see a break below for puts with volume. Target will be 425.80 area

I will go long above 429 break to 430.

[SPY Guy @SPYGuyTrader]

💡 Trade Idea 💡

Can’t sleep. Looking at the 1hr chart, $SPY looking like it’s forming an inverse head and shoulder.

Regardless of what its doing, if 430 holds I’m looking at call play to 432 and 434 profit targets.

Below 430 can set up for a put play testing the 428.23 low, and break below that we test 425.80 support level.

Stay tuned!

[SPY Guy @SPYGuyTrader]

@ParkerCo22 Not at the moment. Just giving out charting ideas and what I’m trading. Possibly in the near future 🤔.

I do have a great recommendation. If you want to get into options/futures and learn proper charting check out @investitrade. You will not be disappointed.

[SPY Guy @SPYGuyTrader]

@MichaelFerraio6 Currently 432 has strong sellers sitting in this area. I’m not interested in any new call plays until we see a strong break and hold above 432

[SPY Guy @SPYGuyTrader]

🚀 Trading Update 🚀

Today, I was watching $SPY at the crucial 430 support level. At the market open, it rallied to 430.5 and consolidated forming a wedge pattern. 📈

I waited for the wedge breakout above 430 with high volume and confirmation crossing my 9 EMA. That’s when I entered with 100 contracts. I excited most of my contracts (80 contracts) above 431. Held 20 runners.

At present, I’ve sold the majority of my runners near 432 resistance. I’m still holding five contracts to see if we can break above 432, targeting 434 resistance or till I break even.

Stay tuned for updates! 📊💰 #TradingUpdate #SPY #OptionsTrading

[SPY Guy @SPYGuyTrader]

Excuse my grammar. Exited* 🤦🏽‍♂️

[SPY Guy @SPYGuyTrader]

Excited 80 contracts at 30%