Using Smart Volume Spread Analysis Software To Trade SPY Options With Smart Trader Pro
The following screenshot is the hourly SPY chart which I have been trading for some time. I wanted to illustrate how easy it is to use Smart Volume Spread Analysis Software (VSA) on the SPY chart for fairly extraordinary gains.
- Smart Upthrust – Weakness (Long Put)
- Smart Buying – Strength (Long Call)
- Smart Upthrust – Weakness (Long Put)
- Smart Upthrust – Weakness (Long Put)
- Smart Buying – Strength (Long Call)
- Smart Shakeout – Strength (Long Call)
- Smart Shakeout – Strength (Long Call)
- Smart Reverse Upthrust – Strength (Long Call)
- Smart Reverse Shakeout – Weakness (Long Put)
The moves on the instrument itself were not that dramatic traded on its own but the options trades, #2 for example, was closed for just under 200%
It’s worth noting for those of you that use our Smart Volume Spread Analysis Software, these alerts, with the exception of one entry (7) were technically invalid. This doesn’t seem to be an issue with this chart and chart time will show you when or when it’s not advisable to take a trade or not, even with the Smart Trade Advisor system flashing caution.
As always if you have any questions, please contact us using the support link on the website and we will be happy to help.