I’ve just added SPY March 2024 Quarterly Calls. Below are the trade details & chart.
With this entry, I am utilizing the 10-week SMA (weekly closing basis) as my stop-loss. I will modify the existing SPY call position to have the same stop-loss as well.
Details
Ticker: SPY
Expiration: March 28, 2024 (346 DTE)
Strike: $470 (Delta 25)
Fill: $8.36
Stop: 10-week SMA
Other Info:
VIX: 17.18
Historical V: 0.13
Implied V: 0.145
Chart
After the bullish signal occurred (double-top breakout), the price pulled back by about 30 handles.
So I am actually getting a slight discount on this entry from where the signal was initiated.