Options swing idea on SPY. Looking at Oct 23 $770 calls, entry range around $765 to $769, with a stop on a close under $758. Targets would be $774, then $781.62.
The setup: Nasdaq just had its worst week since June and chips fell 8 straight sessions, but futures are green into Monday. $SPDR S&P 500 ETF Trust(SPY)$ closed Friday at $763.25 after defending the $760.64 low. This week is a gauntlet with $Netflix(NFLX)$ Tuesday, then $Tesla Motors(TSLA)$ and $Meta Platforms, Inc.(META)$ Wednesday.
The plan is simple. If $SPDR S&P 500 ETF Trust(SPY)$ holds the reclaim of the $765.71 pivot, the bounce has room to run. If it closes under $758, the idea is wrong, full stop.
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