The SPY has finally spiked up as I expected! So exciting. I am looking for a trade to sell, but so far the premiums are less than luxurious. I am looking at the following trade:
Sell SPY Call Spread $148/149 $0.05
But realistically speaking, that is almost an impossible trade now unless the SPY continues its upward bullish trend. The question here would be, is there enough buying power to push the SPY further upwards tonight so that we can find the right premiums for the trade?
It's anyone's guess really. So we are at the crossroads of a trade, and potentially for those that entered into the market when there was an earlier spike or gap up, they could have already sold the call spread for their desired premium.
My instincts tell me that I should sell Call Spread $146/147 $0.07.
Shall I take the risk or not? :)
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