Friday’s session was a full-on roller coaster — SPY fell over 1.3% intraday before reversing sharply to close green with a textbook bullish hammer. I opened a 0DTE CSP early in the dip as part of my wheel strategy, then added two more contracts at lower strikes as SPY approached the 50EMA — a level that often serves as firm support. The late-day reversal turned what looked like a rough session into a solid close, with SPY finishing up 0.1%. That hammer candle signals potential upside momentum into next week. I’ll be shifting slightly more aggressive on new CSP strikes — closer to the money — to capture richer premiums if the rebound holds.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.00 1Lot(s) | +100.00% Closed |
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- jinglese·2025-11-09Sounds like a solid strategy! Watching for that bullish momentum could really pay off next week.LikeReport
- Jo Betsy·2025-11-10Bullish hammer + 50EMA support = SPY rebound likely next week!LikeReport
- Norton Rebecca·2025-11-10Bullish hammer + 50EMA support,your CSP timing is chef’s kiss!LikeReport
- Mortimer Arthur·2025-11-11Only up from here. I see it pushing 90 this weekLikeReport
- Reg Ford·2025-11-10Let's ride this rebound with juicy premiums!LikeReport
- Enid Bertha·2025-11-11Can’t stop Nvda. She keeps moving upLikeReport