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S&P 500 SPDR

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A) yes. With a 0dte, let’s say SPY goes from 519.00 to 520.50, and then back down to 520.10. You will now need SPY to go up to 520.70ish just to match the high that the call was at when it first touched 520.50. Selling on the way up is the better way to do this overall. Waiting for confirmation that the trend is over will always mean you’ve left a lot of money on the table. What I like to do is figure out what my opinion will be worth if it hits my target at close. Ex a 419 call will be worth 1.50 if my target 420.50 is hit at close, and place a take profit at 1.50. Most of the time, if I’m right, the option will reach 1.50 before SPY gets to 420.50 because of the extra extrinsic value left in it. Also, you should always have your strike at least 1-2 ITM from your target. 1DTE works very very different from 0dte. It’s an entirely different world (27 hours till expiration vs 3 hours till expiration). So this advice doesn’t apply to 1dte
No.. would you just short spy?
ONLY TRADE MONEY YOU ARE OKAY WITH LOSING is my #1 piece of advice. Never throw life-changing money, or even money that could be rent for that matter. That being said. SPY calls. If you give up, just invest and gradually build income. Continually throw money and you’ll be set at retirement age.
As a newbie in options safest you could do is SPY options 15-20% up from current level one year out
NFA. I'd suggest buying SPY/VOO 100 bucks a day on a reoccurring investment through your brokerage. That way you still have time in case you need money but will be fully invested in 2 years. Just my 2 cents.
Full send 0td spy options on a day it’s clearly trending in one direction
Better idea, 14DTE calls on $SPY.
SPY 600c 0DTE
SPY calls, $515 EOW.
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