Category Archives: S&P500

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.

S&P500

S&P500 Futures Analysis- 19Apr2024

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S&P500 futures have been correcting the whole of this past week, and have come to their key support level of 5000. The momentum (CCI indicator) is in oversold area, where maximum price damage/correction happens at a high speed. Fresh long trades will be possible once the momentum (CCI indicator) starts recovering. Upside target of 5200 is visible once price recovery starts. We can expect resistance at 5200 level, which was earlier acting as support.