Spectre's Two Hour Trading Newsletter

Spectre's Two Hour Trading Newsletter

SPY Trade ideas for 05-12-26

Is a yank coming?

May 12, 2026
∙ Paid

Another rally to new highs yesterday but 740 is struggling.. Will we get a dip soon?

Yesterday I alerted that I like 7380 bull puts, followed by 7400 bull puts and then later on 7420 bear calls.

By end of day all 3 positions for credit selling ended at 0! Perfect range bound plan!

The other neat thing the ideas were spot on!

2nd Trade Idea … 740.35 failed breakout short.. . high of day was 740.79 and it dipped to the 738.70 level.

Yesterday I also alerted a rare non SPY/SPX trade.

I said I like long TSLA off 720 for a swing target 750 this week. Based on levels we got a perfect 10:30 failed break down reversal off 419s. 449.04 was the target level. high of day was 449.16!

TSLA 430c went from 4 to 20!

Let’s see what pays us today!


How to use AlphaOS to recognize shift in momentum

Get THT PRO + Edge Trade Planner

Process = Profits

Lately I’ve been doing the following:

Premarket establish where we likely wont reach. Sell premium for 0.8-0.60 on open.

After 11: second positioning of credit sells.

After 3:30: start hawking/planning for a Spectre Special

What’s a Spectre Special? A yolo trade that goes 300-1000% in under 30 min.

FREE LESSON on catching End of Day Exhaustion


If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.

Get THT PRO + Edge Trade Planner


What is Two Hour Trading?

Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:

  • High-quality trades with excellent reward vs. risk

  • Avoiding overtrading and losses from it

  • Trading to win vs. trading not to lose

  • Stacking the deck in your favor


If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.


SPY Breakout Traps: Survive 737 Chaos

Premarket bounce tests pivot—watch for failed upside rejection

Market Context

SPY premarket closed at 737.43, sitting just above the pivot at 738.05 after dipping to 735.38 low and hitting 737.61 high. Last 5 days showed choppy range from 719.78 to 740.79 with multiple failed breakouts above 740 and breakdowns below 733, volume spikes at 736-738 confirming key support. Bias leans range-bound with upside risk to 740.35 if pivot holds, downside threat if 735.31 fails.

Highest Probability Trade Idea

User's avatar

Continue reading this post for free, courtesy of Spectre.

Or purchase a paid subscription.
© 2026 Spectre Trades · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture