Before the opening bell, sentiment was overwhelmingly bearish:
π Escalating Middle East tensions
π’οΈ Rising crude oil prices and input costs
π Inflation concerns and elevated yields
πΊπΈ Midterm election uncertainty
πΌ A slowing labor market
π€ AI trade unwinding and ballooning CapEx
The bearish narrative was everywhere. But nobody knew exactly where $SPDR S&P 500 ETF Trust(SPY)$ would turn lower.
Patience was the edge.
Instead of chasing the headlines, we waited. Around 10 AM, $SPY formed a double top near $768, giving traders a clearer signal to act.
The result? $SPY puts delivered massive gains:
β
$0.65 β $3.65
β
$1.05 β $3.27
β
$1.78 β $3.90
Thatβs roughly 100%β462% returns on the listed contracts, before fees and execution costs.
The pin magnet sat near $760, while the VIX hit 20 β a reminder of just how volatile and unforgiving this session was.
π― The real trading skill comes down to four things:
1οΈβ£ Wait for confirmation.
2οΈβ£ Let price action reveal weakness.
3οΈβ£ Enter with conviction when the setup aligns.
4οΈβ£ Take profits at your target.
Today wasn't an easy market. The edge came from waiting for the setup instead of reacting to the noise.
Trade the price action, not the headlines.
Markets are always moving - and sometimes, the best move is knowing what works for you.
With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. Thereβs no one-size-fits-all choice in investing β and the same goes for Tiger Merch. This monthβs hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers.
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