Options, S&P500

SPY Options Trading- 30Nov2024

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SPY Dec 20 ’24 610.00 Call

The 20 day SMA keeps acting as a magnet for reversal whenever the option price runs to far away, which enables us to multiple buy/sell trades on this SPY Dec 610 Call. There was also a clear recovery signal till $5.00  given in Oct’24, which we could use in Nov’24 to buy at lows of $1.50 for targets of $3.00 and $5.00. Even yesterday (29 Nov 2024), the 20 day acted as a magnet and also a resistance. Please Note: while the S&P500 ETF (SPY) is trading above its 20 day SMA, we should always be looking to trade in SPY Calls. Thanks.

Bank Nifty, Nifty Futures, Nifty50

Nifty Futures Trading- 09Sep2024

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Following are charts of Nifty50 Index and Nifty50 Futures, as of today morning, Monday, 09 Sep 2024. The Nifty futures are trading below recent support levels but above key support level of 24,500. Any long positions in Nifty futures must be hedged with Nifty Put options at 24,500 level or 24,300 level (which is 500 points below current level). The current period of volatility may last a few days. Nifty Futures are likely to retest 25,200 once the setup is positive.

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