SPY Push Toward 697 And Mike’s $200K Breakthrough

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Hey Options Trader,

Markets continue to show impressive resilience, with buyers stepping in aggressively on every pullback and pushing indexes closer to all-time highs. Even with potentially negative geopolitical headlines, price action has remained strong, signaling underlying demand and confidence. This week, we are seeing continued momentum build as volatility stays low and key technical levels hold. I’m leaning more aggressive in this environment while still staying disciplined with capital allocation.

Here’s what we are covering:

1. My market outlook for the week

2. Client Spotlight

3. Free Trade of the Week

4. Bonus Resource video and updates

Market Snapshot

My outlook remains very bullish as every dip continues to get bought aggressively. Over the weekend, what could have been interpreted as negative news with the Strait of Hormuz situation was quickly absorbed by the market. Futures opened lower this morning, but buyers stepped in immediately and pushed prices higher into the close.

$SPY ( ▲ 1.22% ) finished the day at 686, marking another strong close above the 50-day moving average, with momentum indicators like MACD trending bullish while RSI still has room before becoming overbought. I’m targeting a move back toward previous all-time highs around 697. The $VIX ( ▼ 3.97% ) is sitting in the Goldilocks zone under 20 in the 19s, and if we see a move into the 18s or even 17s, this rally could accelerate further. I’ve reduced my cash position to 16% as I lean more aggressive given the strength in buyer demand.

Client Spotlight

This week’s spotlight is on Doc Mike, who retired last year and quickly found consistency in his trading. Within his first few months, he generated $85,000 in profits, and by the time we sat down for his interview, he had surpassed $200,000 in total portfolio gains.

We’re also continuing to see strong momentum across the community, with Terry posting $11,000, Nick $10,000, and Bhavesh $19,000 in profits just last week, reinforcing the consistency being built across multiple members.

Free Trade of the Week

Ticker: $IREN ( ▲ 9.98% )  
Strategy: Sell the May 15th $31 cash-secured put
Premium Collected: $119
Duration: 32 days
ROI: 3.99%
Annualized Return (compounded monthly): 60.1%
Risk: Assignment risk exists if IREN drops below $31, where you may be obligated to purchase shares at that level, which aligns with strong support near the lower Bollinger Band.

This setup stands out due to the combination of technical support and strong market momentum. The strike sits near a key support zone where buyers have historically stepped in, while the 13 delta keeps probabilities in our favor. With the broader market pushing higher and RSI not yet overbought, this creates an attractive opportunity to collect premium while positioning at a favorable entry level.

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Bonus Video

I just released a new video breaking down updates on Palantir, SoFi, Robinhood, and IREN, along with the two key indicators I used to identify a potential market bottom. This is a great resource to better understand how I’m navigating the current environment.

Consistency compounds faster than intensity when you stay disciplined through every market cycle.

Talk soon,

Ryan

Disclaimer: This newsletter is for educational purposes only and is not a recommendation to buy or sell any financial instruments. Trading involves risk, and you are responsible for your own investment decisions.