SPY CALL +$1.42 (+142F) held 170m — Z3 activated after VPOC reclaim
SPY CALL E1 entered 10:55am at $746.47 and exited 1:45pm at $747.89 for +$1.42, with the general held after a bull MIDAS anchor in the cellar. Z3 activated 11:05am (peak 4.30) two bars after E1; Kijun flipped at 1:20pm, IB high reclaimed at 11:25am ($747.86), and the trade captured 62% of max MFE (+$2.30 to $748.77 at 1:25pm).
SPY CALL E1 entered at 10:55 am at $746.47 and exited at 1:45 pm at $747.89 for +$1.42 over 170 minutes, with a 62% control ratio versus the $2.30 max MFE printed at 1:25 pm at $748.77. Z3 activated at 11:05 am, two bars after E1, with a peak reading of 4.30 on that same bar, and the general held through 6 favorable bars across 8 total cape bars. Structure stayed aligned with a bull volume anchor from 10:20 am in the cellar and no opposing anchor overhead, then price pushed through VPOC and TPOC at 11:15 am, opened range extension above IB high at 11:25 am at $747.86, DI+ took control at 12:30 pm, and the later push was backed by active volume, bands tightening from 12:50 pm to 1:15 pm, the 1:25 pm volatility expansion, and the 1:20 pm Kijun flip. Pain was low: the entry was clean, there was no meaningful adverse excursion before the first 10F, and the trade only gave back $0.88 from peak to exit. Clean campaign, moderate giveback, and worth the hold even if the last 20 minutes came after the peak.