Consistent income with long term option trades.
This is a followup post regarding the SPY July 8, 2022 $375 Calls we picked up on 6/30.
We alerted to this at $6.50 and it reached a high of $9.10 yesterday and again they hit $9.00 today.
We did get the short-term bounce we expected but instead of alerting to take the 38% gain, I chose to wait as the S&P Futures were indicating further strength. If on Tuesday we can get past the 3834 level, these calls can get some further upside.
Another reason to hold was the number of new buyers today in these calls.
Remember that Monday the market is closed for Independence Day, so have fun, be safe, and happy holiday to all!
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