SPDR S&P 500 (SPY): It depends on your definition of huge......

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Wishthiswasmyjob

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Wishthiswasmyjob

Re: Zazaboy post# 332380

Sunday, 11/22/2020 5:15:38 PM

Sunday, November 22, 2020 5:15:38 PM

It depends on your definition of huge...
We started the year at SPY 321, and we have bounced off that
Support twice just recently.
We saw the market have the ability to drop 10% in just a couple of weeks,
in both September and October, back to that area... So we know that wouldn't
be a shocker.
Based on the continuing uncertainties in so many areas,
based on how much "devastation" has been done to the true economy,
many would consider a "Flat year" to actually be a success.

Everyday I consider buying at the money puts a month + out...
Because I know they could easily be 6-8 baggers... That'd be huge.
I'm just watching and waiting for volume, and trying to avoid time decay.

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