Echo Trade Entry – SPY

Buy $453 Oct-01-21 Calls $1.00 (plus or minus $0.10)

SPY has pulled back in an exact echo of the August pullback. We have resistance above us around $450.  Support below us to 442.  Target 1 – $457 and Target 2 $461.  I decided to buy a lower amount of forward looking time because I expect this trade to get moving soon or fail, and I am going to be cautious on a lower low looking to salvage anything that might be left on these options. I feel that this is a little riskier entry, so you need to make your own choice, maybe putting less risk on the trade is a wise choice for you.

You are welcome to use different strikes, expiration, or even directly use stock.


Buy $453 Oct-01-21 Calls


$1.00 (plus or minus $0.10)




Above $450


Target 1 $457

Target 2 $461

If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.  


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.