$MES1! Charting to Purchase $SPY 1-DTE Call Option, 15-min TF

Contract: SPY 27 FEB 25 598c
Entry: $2.03 on 1:09pm
Exit: $1.26 on 1:58pm (-$77, -38%)

So after seeing price decrease 0.75%, 45 pints, 179 pips in 2 hours from $6,023.75 to $5,980 (support area), I decided to purchase a call expiring today on Feb 27, 2025.

On the 15min and 5min I noticed price bounced around the $5,980 area and thought price would reverse to the upside.

1) Yesterday on Feb 26 @ 1:09pm, I entered SPY 27 FEB 25 598c @$2.03 because of the drop and potential reversal.

On the 5min:
- candle had made a higher low
- became an inside (1) candle #thestrat
- began consolidating & hit support around 5,980.

2) When placing my stop loss, I mistakenly set up my option call to sell when SPY (the stock) touched or went above $3.05 instead of programming the option call to sell when the specific option call (SPY 27 FEB 25 598c) touched or went above $3.05.

You live and you learn.
On to the next play.