Buy Calls at 108.2, stop is break below trendline A

Buy Calls at 108.2, stop is break below trendline A

SPY is set to gap up and open at 109. I have the same plan as yesterday: buy puts on SPY at 109.35, but this time SPY may not drop all the way back to 107.5, instead it may find support at trendline A, ~108.2. I will have to evaluate whether or not SPY is holding 108.2 before buying calls.

Alternatively if SPY rallies out of the gate, breaks through 109.35 then SPY is headed to 111.7.

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