SPY Trade Ideas for Mon Feb 2 - More Selling or BTFD

I love clean boring trades, DO YOU? Even with days of great volatility, yes opportunity can provide massive gains, but when your process continues to pay.... it's boring and bliss...

Feb 02, 2026

∙ Paid

Friday our bear calls paid! In afternoon we got a fast bounce of premarket lows for a nice payout.

Overnight SPY dropped almost $10 and has nearly fully recovered!

We are in for another fun day!

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.

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High-quality trades with excellent reward vs. risk
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SPY Survival Guide: Dodge Breakdown Traps

Premarket at 688.81 eyes pivot test amid choppy range

Market Context

SPY premarket close at 688.81, sitting between pivot 690.95 and S1 687.69 after failed push above 689 early session. Last 5 days show range-bound action 686-698 with multiple failed breakdowns below 687 and breakouts above 692, volume spikes at 687.50 and 692.00 confirming reversal zones. Bias neutral to bearish below pivot, watch for continuation of premarket rejection at 688.80 high.