I am getting whipsawed quite badly the past 48 hours in my SPY calls. Since most of today's gains came in premarket, it's
difficult impossible to catch that move with options. Hence I had to chase this morning and we are now below where I entered so JUST as yesterday I am punting and going to take a loss today. S&P 1170 is the 5 day moving average and we seem to be headed that way ...this is a now almost extinct intraday reversal. (EDIT 3:45 PM - hmm, now it looks like 1166.6 is the 5 day moving average per stockcharts.com)
Still holding the ETFs...