Replies to post #152388 on SPDR S&P 500 (SPY)

[Cret]

Adding 197c Sep 4 for a day trade.

[imiloa]

personally, i'm not buying any calls from this level,
as i have no sense of when this rally will run out of gas.

remember that we have just gapped up and run two days in a row.
that's a lot of altitude gained rapidly for a market that still has a lot of risks at play.

200 might still come.
or we might have already seen the top at 11:00 today.
viz, the long slide since, which has had steeper and steeper drops since noon.