$148 Profit
SPYLong Option

Trade #2 of exercise: Identified the recent high and low of the 60min chart ($610ish and $590.40ish respectively). Waited for a higher low to form, used as risk and got calls to trade onto the next resistance area (~$608). Took profits when it couldn't make higher lows to continue uptrend. Also considered the fact that AMZN has earnings after the market close on 2/6 and I don't want to have an open position through that.
Broker:ETrade
| Date | Price | |
|---|---|---|
| Entry | 2/5/2025 | 12.21 |
| Exit | 2/6/2025 | 13.70 |
- Total Views24
- Position Size1
- Percentage12.2%
- Option TypeCALL
- Strike598.0
- Expiration2/28/2025
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