Make that 4X on SPY 290 calls since 10:45 today! 5 X on VXXB puts! These are the easiest ones to locate since they are the primary sources of market action! Why buy MU options if the major market indexes have the same patterns & unlimited options capacity??
Wait for the setup MACD divergence and double top or bottom and then place the trade. A few hundred percent gain isn't too shabby in a few hours. Patience is the key. SPY weekly options rule.
For short term traders and short term charts, VXXB upside divergence on March 26/27 15 minute charts clearly shows us that the SPY would do the opposite and send markets down until the technical picture starts to stall and that’s the end of the move. Then you can spend the rest of the day counting the money you made.
SPY 278 puts at 10.30am went from 2 cents to 81 cents in a few hours.
SPY 281.5 & 281 puts were up about 500% from 11am to 11:35am Eastern time today just based on short term charts on an expiration day!
Find out how to do this at the 2-day Orlando, FL seminar April 4 & 5, 2019 https://www.theoptionshunter.com/live-seminar
The Options Hunter nightly update on Monday February 4, 2019 explores some intraday SPY divergences that yielded hundreds of percent gains in a relatively low volatility day.
Dale covers some of the longer term divergences and option trades on stocks like AMZN.
Note how WYNN had another 30 min up divergence late Monday to add fuel to an already divergent daily chart! That’s how you successfully trade a new entry to an existing pattern! Low time frames form “another” divergence in the same direction as the higher time frames!
In Friday's update Dale explains the SPY long term weakness to downside is still in place but in lower timeframes there was room for moves in either direction. The short term timeframes Thursday clearly indicated the upside potential on SPY that came about. Even during the rally on Friday there were short term trades to downside on SPY that yielded 100% gains.
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