Replies to post #43801 on SPDR S&P 500 (SPY)

[Fox13]

Be: Thank you. You are too kind. If interested in options, L. G. McMillan’s ” Options, as a strategic investment” is an excellent start. Some wise guys might think it’s outdated, but the basic principles are there, clear and simple. I personally like to buy calendar spreads 10 days before expiration, like right now. When you do that, TIME is on your side. Right now I have Q put spreads which I am keeping. For example: buy May 45 puts and sell Mar 40, 41 or 42 puts, or a mixture of them - which is a Scottish spread. You can start a paper trade, for fun, and follow every day the prices. Good luck.

[be]

In order to keep the Qs down , there must be big volume increased soon to press down the Qs at this level (41.50), otherwise the coiled spring will release its energy and shoot the Qs up very soon .