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Dana here with a trade recap on the spy Spy Gap fill up strategy that some of us recently took again this is the gap fill up strategy on spy spy on your screen you see spy on the day aggregation that simply means each Candlestick represents one full day of price data on Friday August the 2nd spy had a low price of $528 60 on Monday spy opened at August 5th on August 5th at $516 this creates the Gap that simply means that price on Monday open lower than the low price of Friday the previous trading day that also creates the trade opportunity because that was a gap of $16.96 and that is what we were looking to trade the Gap fi up strategy is considered a contrarian trade because youamp;#39;re going in the opposite direction of recent price movement recent price movement meaning spy was clearly going down especially the gap down $16 for The Gap fill up we will be buying a call in an attempt to fill that Gap so letamp;#39;s drop down to the half day so you can see the pre-market movement
