SPDR S&P 500 ETF Trust

$SPY Yesterday's 12.4.24 Recap

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So I was unable to make a video tonight, so this is a recap of yesterday‘s price action. We did open SPY with a gap above previous all-time highs, and then we pushed to the top of the implied move, which was 607.
So another day of all-time highs.
If you had sold spreads today at 607/608 would’ve closed down about -33%
And if you sold 608/609 those would’ve closed up 100%.
And if you bought premium then 608 was the winning strike

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