Levels that I'm waiting for are Tuesday's high 1172.88 -- let's call it 1180. If 1180 gets taken out, then 1200.
If 1101.54, Tuesday's low, fails, then 1050 and 1000 would catch my interest.
Tough to use options for anything other than intra-day trading because volatility has pumped up the price, and any sustained rally would see a shrinkage of premium due to volatility implosion. Other than that, it's a great time to be a trader.
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