Pre Market APR 10, 2025

Stocks are red in the Pre Market today
Part profit taking from yesterdays monster news driven rally, but bigger part out of concerns that the bond market could be getting ready to take a hit. The bond market is twice the size of the equity market, bonds matter

You have a car don’t you? If you don’t I’m sure you have. When you buy a car it’s not over, you still have to buy insurance, tags, and then the day to day stuff. Gasoline, motor oil, windshield wiper fluid, you know the drill. Those necessities don’t stop

With the possible pullback today we are going to stock up on some of those necessities, and we are now going to start looking at some longer dated plays also

Last night I thought we might be going back to Bull Call Spreads today
We’re not, Strangles are still in order as the volatility isn’t gone just yet

We don’t chase stocks
We buy at the MID price or better
We set STOPS and HONOR them

COST
MAY 2, 2025
Buy the 955 Put
Buy the 965 Call
49.78 is the MID

META
MAY 2, 2025
Buy the 570 Put
Buy the 580 Call
62.08 is the MID

SPY
APR 17, 2025
Buy the 532 Put
Buy the 535 Call
24.04 is the MID

S+P 500 Support is 5,320
Time to grind

The Options Coach