raylong I opened a 6865/6855 Put for $0.70 at 6:32 AM PST. The reasoning why I sold this was because there was a strong push up outside of the standard deviation 1 of Vwap which is the orange dotted line. I’m looking to close at $0.10. Will close my position if price decides to go the … Read more
Markets Opened Lower, however price was above VWAP and deltas looked a bit more on the bullish side. I decided to sell at the lowest ATR Level which was 6887.3. I the strikes I chose were 6880/6870. I figured as long as price stayed above VWAP, we could earn premium off time. I sold my … Read more
Today Price Dropped Over 1%. When that happens I normally sell Put Credit Spreads close to a 45 DTE. However this time I want to try something different as a test. I’m going lower the Expiration to the closest Friday for 30 DTE. Sold 6640/6635 Puts for $0.80. Looking to exit at 50%. Will Add … Read more
Today price action went along with my thesis. Due to earnings stocks dropped. The moment price closed below the US500 VWAP I decided to sell 7025/7030 Calls for $0.45. It was very low premium but the drop is 100 points from my strike price and its already 7:50 AM PST. I dont think it will … Read more
So today, I made a play based on my past experiences. I sold puts the moment price broke out past the first level after the bullish atr level which I marked with the dotted red line. From past experiences, I noticed that a good 90% of the time price would continue further until it reached … Read more
Today is Friday, there was two news events that happened at today. I opened my positions at 6:50 AM PST based on the fact that price did not seem to go any lower than the premarket and also there was over 1 billion positive delta. So unless that delta went away price wouldn’t go lower … Read more
So Today the markets pumped due to Trump speaking, I missed the chance to sell puts and decided my only way was to wait for the pump to slow down and then sell calls when it started to slow down so that I can make money from time decay. I made sure to choose a … Read more
So today I opened a new position for a swing trade on SPX. Its a 45 DTE position and I’m looking to close at 50%. This was not shown on the indicator that I use, but a position I decided on my own. I still think SPX is overall bullish so we might not go … Read more
So today is OPEX, normally I wouldn’t trade on this day. Seen too many red days on OPEX due to data fluctuating. However, today I saw alot of signs for downside on the rest of the indicators so i decide to sell towards the trend that broke out of the 1 standard deviation(SD) line of … Read more
It’s 8 AM PST as of now and Today I sold 3 x 6940/6935 puts using delta as a support area at 6:45 AM. Sold 2 for $0.80 and 1 for $0.70. I don’t think we go down that much or at least we end near MVC by New York Lunch (9 AM PST). Hopefully … Read more