Rocket Equities & Options Report 10-21-22
Wait for the market to open for a couple minutes and then close out the SPY butterfly.
Something just happened coming into 9am that sent the dollar lower and pushed the SPY higher. Our max profit area is $360-$358 and the SPY is at about $365. We are risking too much vs. the possible reward left over with these options expiring today, especially if we have some type of news, or intervention going on today that could prop up the markets. Sell our position on the open.