$SPY - a 100% win at the top of the implied move on Friday

15 ก.ย.

"Last Friday, we opened with a gap up in SPY, and from there, we pushed up into the gap created on the first trading day of September. Within that gap, we reached the top of the implied move at 563, which acted as resistance. After reaching that level, we pulled back slightly but still closed within the implied move and without closing out the gap from the first week of September.

If you sold bear call spreads at the top of the implied move on Friday when we hit that level, those positions would have closed up 100%. So, if you tuned in to last Friday's video and took this trade—congratulations!

Currently, we are in the bear gap that opened at the beginning of September, which sits just beneath the bear gap created after reaching all-time highs. We're also in overbought territory here."