Welcome to December folks! I am optimistic about December for some reason. Maybe it is due to the fact that the Ichimoku charts gave me an indication that it might be bullish tonight. The indicator shows that the Tenkan Sen is cutting from below the Kijun Sen. This is a crossover signal and that it might become bullish.
I can't wait for when markets open, and the SPY shoots up to the stars. I am sure everyone who knows technical analysis would also be looking forward to that event. Maybe I should try my "easy-way-out" strategy for a $0.08 premium. I am sure that premiums tonight will be unusually higher.
Well if the SPY gaps up by USD 2.00 and if i am able to sell a premium that is at least USD 7.00 away, I think it might be safe in these ever changing times. It seems the market might be sorting itself out since last week's roller coaster trading days.
Where will the SPY go tonight (SG Time)? Well, only time will tell, and I can't wait to sell some options. :)
That's all for now!
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