Up Or Down From Here But Still Making Money? SPY Options Trade

Let's face it traders, nobody knows where the market is definitely headed next. But using certain market analysis methods we can put the probabilities in our favor to calculate where we should, and probably won't go, next - which is all you need to make money with options. In this video Todd Gordon of TradingAnalysis uses the tools of Fibonacci and Elliott Wave to outline the most likely path for the S&P 500 and sets up one options trade in the SPY to profit from two different outlooks in coming weeks.

Comments

1. I like this guy, short and to the point.
2. Awesome as always Todd.
3. Why did you choose OCT expiration instead of SEPT in a few weeks, which would decay faster?
4. Good info Todd thanks!