Current Positions and Plays - 

• My core put position took a hit today. I have them until December but damn I hate seeing red. 
• I added a call hedge near the end of the day. I missed a better entry by being too cute and waiting for a 374 test. Never got it so I had to grab the calls much higher than I wanted. 
• I also went a little off script and grabbed some DWAC with the elections coming tomorrow and Trump hinting at announcing a run for 2024. Probably going to get killed on this play, but I couldn't resist it. 

Economic Data this Week (all times are EST)? - 

• Check the full calendar here: stonks.chat/feed/catalysts
• Fed Speakers are all over the place this week. And I expect a few more to surprise us each day like what happened last Friday. 
• Tuesday - Midterms Elections
• Wednesday - Wholesale Inventories at 10:00am 
• Wednesday - Fed Speaker Barkin at 11:00am
• Thursday - CPI Inflation Data at 8:30am  ⚠️ (I will be doing a special preview on this later this week)
• Thursday - So many Fed officials talking following the CPI report. Going to be a wild day
• Friday - UoM Consumer Sentiment at 10:00am

THE PLAYS OF THE DAY for TUESDAY for SPY:

• Not much change from yesterday's preview. 
• I think we have a few days of chop with a slight lean to the upside. Not expecting a major move until CPI on Thursday. 
• I am positioned in my 12/30 puts and will continue to play short term calls on any dips to protect my core position. If I can keep stacking realized gains on short term calls while my December puts marinate, I will be sitting pretty when the market finally drops. 

SPY Technicals - 

• SPY Technicals - The 30 min is close to overbought. 1 hour, 4 hour and Daily are neutral. 
• SPY Fibs for ATH to June 2022 low - 390 is the .236 line and was met with rejection this week.  362 is the .000 line. Bulls keep recovering this line. This is proving to be solid support now. 
• SPY Fibs for COVID low to ATH - 380 is the .382. 349 is the .500. That .500 level is the real deal and the current YTD low. 
• SPY - The 200 Weekly SMA is 361. The bulls need to keep this level.

Levels I am Watching

• $SPY - levels 363 > 366 > 370 > 373 > 376 > 380 (major level) > 383 > 386 > 390
• NOTE: I am turning into a swing trader for various reasons, so please keep that in mind moving forward. My options plays will be always a few weeks out because of this. 
• This is not financial advice