Trade ideas for 08-05-26
SPY new All time highs? How long will the run continue? I missed 50x gains and I don't care.
Good morning all.
I use to get upset when I missed 10x+ moves. yesterday SPX 7700c went from 0.50 to $50+. That is 100x.
This would frustrate the hell out of me. Me the mature trader in me now doesn’t care. Why? Because how often does this happen? Was there any way for me to predict this? Was there a good risk/reward way to have entered and ride all day?
I recognized that it looked like an all day grind day, but without being able to accurately determine distance, I was unable to define risk/reward on naked contracts. In fact I tried 4 times to make a short only to get a small paper cut. nailed the entries, no follow through on downside as the dips got bought. That was probably my clue.
So I waited. Toward the end of the day AlphaOS indicated a SPX closing range of 7760 and 7735. so that made it easy to take SPX 7760 bear calls but I also had 7750 bear calls. thinking a flus sub 7745 may come. And we got just that.
Thank you AlphaOS.
Let’s see what today gives us.
How to use AlphaOS to recognize shift in momentum
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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R1 Resistance: Your Premarket Survival Edge
SPY eyes 779.51 as the key battleground today.
Market Context
SPY is trading at 774.81 in premarket, sitting 4.70 points below the nearest key level at R1 779.51. Price has consolidated below this resistance after recent highs, showing limited momentum toward a breakout. Bias remains neutral-to-cautious until price tests or rejects R1.
