• SPY traded 381 to 386
• I held that SPYc overnight and it got me.  It went against my plan and I paid for it.  Well deserved.
• I also missed that Lagarde would be speaking - needed to adjust my Economic Calendar settings to allow EUR & UK.  That and Putin both caused drops today.  Top rope….
• At the end of the day around 385, I started building back my long-term puts position again.  I think it’s fine to do so regardless of what JPow says.  Any rally will be short-lived when reality hits.  I picked up just 1 SPXp for Oct 31. 🎃
• Ford warned about its supply chain.  There will be more warnings ahead.

• SPY levels:  373, 380, 390, 396, 400, 405, 410
• Chart - Weekly: Bearish - It’s curling down now, so it should continue generally down on a weekly interval for a while.
• Chart - Daily: Neutral - needs a fundamental kick for any big move either way.
• Chart - 4h: Bullish - but it’s useless for tomorrow.  Fundamental event.

• FOMC is Wednesday at 2pm EST.  See my Week Ahead for my thoughts on that. https://stonks.chat/group/7/posts/671
• I am equally torn between this being a positive event and a negative event.  Everybody I’m reading feels the same way.
• I’m going to keep it simple and just do a small options strangle.  I can pontificate all day on what it’s going to do, but why bother.  I know it’s going to move big Wed and probably Thursday, so I’m going to do a strangle with 1DTE (vs 0DTE) and let it rip.
• Check the Weekly Chart below for why i’m building long-term position.

• I’ll add 1 more SPX to my long-term puts position at the open (assuming 384) and then again at 380, 390, 400.
• By 1pm, I’ll set up an options strangle $2 OTM on both sides w/Thursday dates.