Good Morning!
Yesterday’s Recap
Yesterday was a strong day in the market! I sold a bear call spread into some overhead resistance to see if that would cause the market to pin and chop for the rest of the day. It caused a pullback and I got out of contracts profitable for the day. That makes 52 out of the last 54 trading days profitable. My ongoing goal continues to be finding favorable spots in the market and opening credit spreads that trend easily in my favor. Today will be another day where I attempt to do the same thing!
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SPY/SPX Analysis

SPY had a roaring day yesterday. It looks to be continuing that trend today as it is up nearly .40% in the premarket as I type this up this morning. Again, we have to be careful of the trend on these strong days. Bear call spreads were something I tried into resistance yesterday and when it displayed strength at support I took small profits and let the trade go. Respect the trend on days like today. We could show another grind up day like previously and if so directional calls could be the move or bull put spreads could pay as well. As always, I like to see how it all materializes when the market opens and how the gamma structure shapes up once the market is live. Once I see how that shapes up I will formulate a trading plan for subscribers.
The Closing Bell
Thanks for reading another edition of OPG Order Flow! If you’d like to start trading with us be sure to use the link below to get signed up. I’ve gone ahead and applied an automatic discount to your first month.
See you inside!
-Caleb
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