raylong

This is Day 5 of Trading with the iron condor trade. I posted a screenshot of how I’m choosing my strikes. The expected move must be lower at 6:31 AM PST than the one at 6:25 if it isn’t we don’t do the IC Trade. I sold 2 Iron Condors at 7520|7510 and 7645|7655 for … Read more

I did my iron condor trade again at the open using the expected move times 2. I’ll put more data on this once i’ve done this for at least a month of wins. However, it wont be posted if it starts losing. So the past 4 trading days have all been wins due to it. … Read more

So today I kind of messed up at the morning and chose a wrong strike and when we pushed higher I repositioned my iron condor at a further strike and took a $25 loss. I sold 2 Iron condors at 7505/7495 and 7640/7650 for $0.50. I closed the 7635/7640 call side for .75 when i … Read more

So I tried something a bit different to day and sold an iron condor that was 2 times the expected move. I basically documented the whole month of may every 15 minutes the price and expected move. I noticed that price never ended up being two times the expected move of the value from 6:25 … Read more

I sat today out, data was all over the place. Wasn’t feeling like today was a good day to trade.

Originally I wanted to sell calls since we dropped at the open, but because everything was so tight in range, I decided to wait for it to hit the bottom and then it started to reverse. I sold put credit spreads at 7475/7470 for $0.60. Looking to Close these at $0.10 or $0.05 depending where … Read more

Due to the Data, It looks like it wanted upside. But news at 7:00 wasnt good and pushed price to 7475. I’m holding my positions if it goes any lower I start to cut them. Price went back up and didn’t go any lower. I was able to close all my positions for $0.05

Today I couldn’t take a screenshot of everything. Kinda forgot since, I did one trade and stopped trading. I sold calls but got faked out with a push up. If I held my trades I could have been profitable but i got scared at a fast push up. Next time I should probably go lighter … Read more

I sold puts even though everything was mixed. Since US500 price was above VWAP, it meant that at the moment we are still looking for upside. If price closed below vwap then I would have sold calls. I sold 2 Put Credit Spreads at 7320/7315 for $0.55. Looking to close these for $0.05 unless price … Read more

Sold 3 Call Credit Spreads at 7425/7430 for $0.50. Looking to close these at $0.05 or will close them if Price goes and closes above the VWAP. Delta is pointing downside as its all red. I closed one for $0.10 and will try to close the other two for $0.05 Market isn’t going lower so … Read more