$SPY, trading it 1/20

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For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 460 (entry, long), it can see 462.5-464 (exit)
Break below 450 (entry, short), it can see 446-447.5 (exit)

Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.

Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
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Recap: 450 -> 446.5, ~3.5pt move
Beyond Technical AnalysisChart PatternsdaytradingoptionsoptionstradingtradeideasTrend Analysis

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