SPY still pinned between $597-$603 even after FOMC

Michael Esther
06-19

$SPDR S&P 500 ETF Trust(SPY)$ still pinned between $597-$603 even after FOMC.

This is an insane buy the dip market.

As soon as Israel-Iran end their conflict SPY breaks out toward $615+

Summary for today:

- played reversal for SPY to $601

- took puts back down to $597

- banked hard on bear calls spreads

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