$SPY day trading psychology — Jackie Le' Tits — Video Wiki
The Receipts 🧾
Full transcript (185 words) — every glorious word
0:00where spy was essentially sitting in this 50 to 75 cent range listen spy is not going to sit in a 50 Cent range all day so if we take a spread we can ride the one side and then if we end up holding the other side of that trade that goes down a lot the expectation is is that spy will either fail to make a big breakout or fail to make a big breakdown and we can have the other side of that trade come back to life for us so we looked at a $1 out of the money from that point to the low that we made spy went down $2.70 paid out basically 70 to 100% on a put contract and then the call that we had the put made up for more than the call was worth and so that allowed us to be profitable here but instead of Clos that call it would bounce back up and you would see a move that would allow the call side of that contract to make you your money back