I found three nice looking options trades with a little over 2 hours till market close. That should be enough time to put in a trade.
The overall market seems to be in a holding pattern. It looks to be in a gigantic Cup with Handle pattern. 415 is the resistance level on the SPY that it just can’t seem to overcome.
I am not looking for the market to do too much over the summer and my trade selections reflect that. I am focusing on Diagonals and Butterflys. I’m not asking my trades to do too much to slightly Bullish and Bearish plays.
For example, on the Diagonal spreads that I am listing, I’m looking at a 2 day trade and I am aiming to make 20% - 22% on the trade. Not bad for 2 days.
-Good Luck and Happy Trading!
Options Picks
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