SPX Option Trader
SPX Daily Outlook 12/05/2022 Example2023-07-15T11:19:53-05:00

SPX Daily Outlook 12/05/2022

SPX Market Forecast

Close of the day for SPX should be below 4043
1st Target low 4030
2nd Target low 4022
3rd Target low 4014
These are the key levels we will be watching in our trading today.

SPX Trading Strategy

We plan to Buy to Open .SPXW221205P4040 (SPX Weekly Option: put, Strike: 4040 Expiration: 12/05/22) at limit price of 16.8 *please note trading guidelines.
We will be looking for about a 90% profit and using about a 65% stop along with using our target price levels. Please see our website www.spxoptiontrader.com for our trading guidelines.

SPY Market Forecast

Close of the day for SPY should be below 404
1st Target low 403.25
2nd Target low 402.5
3rd Target low 401.75

SPY Trading Strategy

We plan to Buy to Open .SPY221205P403 (SPY Weekly Option: put, Strike: 403 Expiration: 12/05/22) at limit price of 1.3 *please note trading guidelines
We will be looking for about a 90% profit and using about a 65% stop along with using our target price levels. Please see our website www.spxoptiontrader.com for our trading guidelines.

Possible Support/Resistance Levels

Possible SPX support/resistance levels: 4047, 4052, 4062, 4070
Possible SPY support/resistance levels: 404.75, 405.5, 406, 406.5

Make it a profitable day!
SPX Option Trader

——— TRADE UPDATE ———

SPX

We purchased .SPXW221205P4040 (SPX Weekly Option: put, Strike: 4040 Expiration: 12/05/22) at a price of 7.5

SPY

We purchased .SPY221205P403 (SPY Weekly Option: put, Strike: 403 Expiration: 12/05/22) at a price of 0.56

——— TRADE UPDATE ———

SPX

We exited our SPX Option at 21.5 for a profit of 187%

SPY

We exited our SPY Option at 1.73 for a profit of 209%

SPX Option Trader

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