SPY Day Trade

Last Friday, SPY Close > 2.5 from PMA 22
Chances are, SPY will do some correction Monday

Wait 30 minutes after Market Open
If SPY > 2.5 from PMA22
Buy PUT ITM Jan
also Buy CALL OTM Jan 3 Strike Out
(Strangle)

We have discuss this technique during Live Trading
at Alila Hotel Jakarta & Surabaya Plaza

Right now, VXO is 38%, that means SPY can trade +/- 3.8% in a week
We plan to get out at the same day
so we just target SPY move 50% at 1.9% one night

Assume: after 30 minute SPY trade at 92.8
Our target is: 92.8 - 1.9% = 91

Use OPTION Calculator to calcualte our OPTION Value
if Hit Target. Our target is at least $1

right now, Pre-Market is RED, that is good
as we expected.


Good Luck
Peter Sufandri