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SPY has fully tested support and held strong.
Buy to Open SPY April 09 2021 $400 Strike Calls
Calls are valid for a lower price around $0.76 (plus or minus $0.10)
Updated based on information below
**WARNING** if SPY is down >$6 (less than $384.50) at the 3/26/21 opening then the trade may be invalid.
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
A sustained move into or below support is a signal that it may be time to cut this trade. If we can clear resistance at the 394 area, then we should see a move up to the $401 area. I set alerts on the price of SPY and use that to tell me when to exit. Updates will be posted in the text group.
Daily Profit Publishing and Rob Booker do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor. We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.