Will kick off Santa Rally today? -- Plan for Mon Dec 15
Our Bear Calls paid!, all wins Friday! and SPX 6850p was magic! Unfortunately no Spectre Special on Friday!
I love doing Credit Sells, but I haven’t stopped taking Naked calls/puts. SPX 6850p paid!!! $3.50 → 18. I was happy but missed the reload and it went to $50!!!
Process = Profits
Solid day again Friday. Missed huge gains but its ok because process paid us! (Remmeber I’m still bitching about “only” getting 300-500% gains)
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? One of my yolo trades that goes 300-1000% in under 30min.
Credit Selling
More solid work on Bull Puts and why I preach locking in gains ahead (depending on where the strike is)
SPX 6830/25 - WON
SPX 6860/55 - WON
What I love up Credit sells is that if you are OTM, you can usually average up once and exit flat or even some profit at least once or twice. You can also often get out flatish AFTER it the price action indicates a change in direction.
100% win rate on the day
VIDEO RECAP SPY/SPX on Dec 12
(sorry for the long rambling)
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Plan for Mon Dec 15
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
Pinpoint levels to turn today’s chop into profitable momentum
Market Context
SPY has been grinding higher in a choppy range over the past week, with recent sessions showing repeated tests of the 685-689 zone amid broader market uncertainty. The index closed the previous day at around 681.72 after a volatile session that saw it dip to 679.31 before recovering, forming a potential bull flag pattern on the 1-hour chart. Overall bias leans cautiously bullish if the pivot holds, but failure below key supports could trigger a sharp pullback toward recent lows, especially with Fed speakers on deck. Volume has been elevated during intraday swings, suggesting institutional positioning ahead of economic data—watch for conviction above 687.6 to confirm upside continuation.
Key Events Today
8:30 am ET: Empire State Manufacturing Survey (Dec.) – Forecast: 10.0 (Previous: 18.7). A softer print could pressure sentiment, while beats might fuel risk-on moves.
9:30 am ET: Fed Governor Stephen Miran speaks – Comments on policy could sway rate expectations.
10:00 am ET: NAHB Home Builder Confidence Index (Dec.) – Forecast: 38 (Previous: 38). Steady reading supports housing stability; downside surprise risks broader risk-off.
10:30 am ET: New York Fed President John Williams speaks – Hawkish tones might cap gains near resistance.
These events cluster in the morning, likely amplifying volatility around the open—position sizing accordingly.