The SPY is up, and in an unprecedented manner. I am not complaining honestly. The higher it goes, the better it is. Just 45 minutes into the opening, the SPY has literally in the classical sense of the word, gap up.
USD 2+ to an intra-day high of USD 138.6. That is basically good news in my humble opinion.
I am looking for a Call Spread, and the safest spread at the moment is 142/143 at $0.01 premium. So instead of waiting for this safest spread to become reality, I am taking the "easy way out" spread at 141/142.. but instead of the $0.05 premium that is already available, I want to try to see if my theory is correct and go for $0.08.
Let's see how that works out. :)
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