🔥12/19/2024 Trade Ideas 🔥

Good morning everyone,

8 ATR keeps us in this game long-term.

Quick one: I will sell $560 puts on SPY for tomorrow (Dec 20th) at whatever price. Yesterday, it was $150.

In the classroom area, I did another one with 3X the income.

But in general, you can grab any of the indexes at the opening bell - SPY, QQQ, IWM it doesn't matter the income is super high and the 560 SPY is about 7 ATR.

Also, this is a rare case where the /ES futures have maybe 1.5X more income than SPY compared to 5X on average. Tells me prices are very expensive due to Vix jumping and I'll take advantage of that by selling puts on SPY.

Buying Power needed is only 8k compared to 55k on Robinhood. Let that sink in

It won't last long as futures are already green and up 0.7%.

I mentioned yesterday this was nothing just to flush retail before monthly expiration and up we go for the next month imho.

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