https://youtu.be/Fqfc7Cqfxk0 Join me as we dive into today's stock market action with a focus on SPY and Coinbase. With SPY experiencing a significant gap down, we'll be looking for opportunities to short. Meanwhile, we'll also be keeping an eye on Coinbase, although the pricey options may make it a challenging play. Don't forget to subscribe for more market insights and trading strategies!
In this trade I took the 456 Put Option 0DTE, started with 100 contracts, and ended up with 400 contracts total for $5200 in profits. I did not like the PA on the session so decided to cover my short position early.
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My strategy consists of Level II, order flow, and time and sales mostly. I usually identify the trend, support, and resistance levels on a daily chart before I create my trading plan for the session.
Options order flow is also extremely helpful in this strategy as it gauges large buy/sell orders in advance.