- Entry
- $743.33
- Now
- $767.00 +3.2%
- Target
- —
- Score
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Been glued to $SPY charts all week, ngl this market just refuses to pick a direction and my theta burn is very real right now. The "keep skimming" price action is genuinely one of the most annoying setups for options plays. You're not getting a clean breakout, you're not getting a flush, just slow drift while IV compresses and your contracts bleed out quietly. Checked the options chain on MooMoo community and plenty of folks seem to be in the …
— ORIGINAL POST ·
SPY keeps skimming and I keep watching my premiums evaporate
· r/smallstreetbets
· Jul 24, 2026