Commentary Posted at: June 6th - 8:45 AM Weekly Option Alert Alert Message Great profits over the past few months. Spy is bouncing off the 50 day ema heading back into resistance around 164. We will monitor the situation but a serious drawdown from that resistance could be building. We were seriously oversold yesterday causing the market to bounce along with support at the 50 day. More than likely no new plays until something changes. Our sister site onedaywonderoptions may well put out some plays tomorrow. Limits & Stops SELF DIRECTED TRADERS: Weekly Option alerts should be traded with 50% stop loss targeting 20% - 50% returns. Additional Trades View all recent trades. Weekly Options Instructions All options are buy to open, sell to close. Options follow the following format: Stock + Expiration Date + Option Type + Strike Price. Example QQQ201220C120 = QQQ 2020/12/20 Call $120. Read Weekly Options Guidelines for more information about how to trade our Weekly Options strategy.