SPY continues to rise above all da-Fray and appears to be positioning for a JAM JOB of meaning next week as the OPEX final count-down for the third Qtr begins??
As suggested we did exit our 247.00 calls at 1.10, 0.25 gain yesterday on the GAP up!
We'll be pick up some 246.00 9/8 calls on any move lower at the Open in case da-Boyz try to paint pictures of DOWN only to go, well, UP, LOL...
We expect SPY to play between 246.50/248.50 today with a close at or near the HOD??
9/8
247.00 calls at 0.85, Long, Sold at 1.10, 0.25 gain 248.00 calls at 0.35, Long,
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