BY LICIA LESLIE 

August 25, 2023 

Hi Shoppers,

I watch the market all day everyday.

And on certain days you can get a feel for where the market may be heading.

I like to watch the five minute candles throughout the day and I place my support and resistance levels where I see the market pivoting.

Remember, the Japanese candle rules apply to all time frames.

Here is my five minute chart from yesterday in the S&P 500 Mini SPX Options (Ticker: XSP):

As a general rule of thumb, once a stock trades through a support/resistance level, it will come back and kiss that price before continuing on.

That is your opportunity to hop into that direction.

Here is the official trade my Option Shopper Members received:

08.24.23 2:35 PM – Buy to open 5 XSP Aug24 439 Puts pay $0.20 OR BETTER

As XSP revisited that old support/new resistance line several times, it could not trade over it.

Then it just collapsed.

I sent out this exit:

08.24.23 3:50 PM – Sell to close 5 of 5 XSP Aug24 439 Puts at $1.00 OR BETTER 

I paid $.20 and was able to sell them out at a dollar.

That’s a 400% win.

The puts traded as high as $1.44.

You can do this everyday now with 0DTE options.

It is fun and exciting. 

Just know before you place your trade exactly how much you are willing to lose.

Only play on the days you have a “feel” for the market’s movement.

Or better yet … become an Option Shopper Member!!

Thanks for Reading … See You Next Tuesday,

Licia Leslie