Trade Aptitude

options swing trading Apr 02, 2024

Results of Monday’s Best S&P Futures Turning Points: Buying 5311.00 only offered a 6.25-point move. Shorting 5306.25 ran for 24 points but not before just stopping out by a few ticks. Hoping your stop placement was looser. :-)

Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets): 

Buy 5242.00 stop 5236.25. Short 5311.25 stop 5316.00. 

The World Index: (+100/-100) improves from +7 to +29 with most major world markets modestly Bullish on lower volatility.  

Catalysts: JOLTS & Factory Orders @ 10:00. Fed’s Bowman @ 10:10, Williams @ 12:00, Mester @ 12:05, and Daly @ 13:30. 

Quick Tip: Best Option Setup

Unusual Options Activity (UOA) is a great leading indicator of price. 

What are they? Identifying the best candidates starts with an extreme volume spike relative to small open interest (existing contracts not yet closed out). 

Technical analysts generally agree that volume leads price, so this basis makes sense. If a stock is trading at $30 and massive volume occurs today in the $40 call options you could infer that someone might know something!

You probably have plenty of questions needing answers before you accept this concept. I certainly did!

Here’s the good news… there is definitive research over thousands of trades that will answer your questions. Click here for free access to our latest training session. 

Of course, knowing the answers doesn’t solve the problem of finding the Unusual Options Activity among millions of options traded daily! But you’ll learn how to do that in this training session as well.


Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!


Thanks for joining The Daily Market Forecast Community!

You'll receive an email shortly to verify your FREE enrollment