SPX Option Trader
SPX Daily Outlook 12/05/2022 Example2024-08-28T08:16:06-05:00

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

Your Best Resource for Day Trading SPX & SPY Options

SPX Option Trader is NOT a registered broker-dealer or financial advisor. The recommendations and information provided here should NOT be interpreted as investment advice, an endorsement of any security or company’s stock, or a recommendation to buy or sell any specific option, equity or futures contract. This information is provided for informational purposes only and without warranty of any kind. Our strategies are not intended to meet the suitability requirements for every investor. Be advised that Stock trading especially option trading and futures trading has large potential rewards, as well as large potential risks involved. These strategies are not intended to meet the suitability requirements for every investor. Trading of Options may not be suitable for all users of this information. You, and not SPX Option Trader assume the entire cost and risk of any investing or trading you choose to undertake. Remember, past performance does not ensure future results. There are no guarantees that any one individual’s portfolio will match exactly with what our model portfolio’s performance is. Always do your own research and consider consulting a qualified investment professional before investing your money. Editors, staff and members of SPX Option Trader may have positions in securities listed herein. SPX Option Trader is completely independent and receives no compensation from any company mentioned. The receipt of this information constitutes your acceptance of these terms and conditions. SPX Option Trader is the copyright owner of all information contained in this website, unless otherwise noted. The redistribution of information and content provided here, without the express written consent of SPX Option Trader is strictly prohibited. If you have any questions please contact us

Copyright 2024 SPX Option Trader • All Rights Reserved

Go to Top