New to trading or just feeling overwhelmed?

*Today’s Trading Plan

My morning plan: Might be a good day to watch a 15 minute ORB here. My gut says puts today though if we rally at all during the first 10 minutes. 

My mid morning reversal: This is where I look for a market change of direction around 11am to 11:30am. If I see a morning run up, then I’ll look for a pull back. If we fall early, then I’ll look for a move higher.

Today’s Trade Idea

SPY January 10 $473 Puts

Audible Trade Idea

SPY January 10 $468 Calls

Note: Audible simply means “backup.” It’s a football term. This idea is a trade idea in the opposite direction of the trade of the day. I begin market analysis well ahead of sending you 8:45 am ET emails, and sometimes market conditions change - so - I want to show up prepared!

*from this week’s email

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