raylong

So Based on our rules, We are aiming for price to stay above VWAP for majority of the day. Price broke Premarket High right around 6:40 AM PST. I got in one trade for a put credit spread at 7080/7085 for $0.50 and when it came down to 7120 I sold another for $0.75. My … Read more

So price broke my premarket low and I sold Call credit spreads 20 points above the Premarket High. I sold 3 call credit spreads at 7160/7165 for $0.55. I probably should have waited and only gone in with one contract however price went down so fast. My cutloss is the premarket high. Will close one … Read more

Today is the day I will be testing out my new theory. Since 9 EMA and 20 EMA was above the SD1(Orange Dotted Line) Upper Band from VWAP, my bias is to sell put credit spreads if price breaks and closes above the premarket high from 5:30 AM – 6:30 AM PST. Price broke above … Read more

We were already at MVC and Premarket range was very small. I didn’t believe the chances of us going past the premarket high were a lot. I opened 2 Call Credit Spreads at the 7065/7070 strikes for $0.65 and set a stop loss of price closing above the premarket high. Price played around for a … Read more

So today I wanted to try my strategy I used yesterday. I marked high and low from 5:30-6:30. Price broke the premarket high and I sold 2 Put Credit Spreads at 6940/6945 Puts for $0.50. However when price dropped and almost broke the premarket low. I closed one position for $0.80 and took a $0.30 … Read more

Today’s open looks like it wants to push up. Gamma and Delta Look strong, however for some reason price is so slow climbing up. Could be that we are in low IV. I sold a 6870/6875 put credit spread for $0.70 at the open and then also sold 6875/6865 Put credit spread for $0.75 as … Read more

So my broker wasn’t working today, so today was a no trade day.

So IV is very low, If its under 20 I need to sell as soon as the market starts. I sold a 6880/6890 call credit spread for $0.70. The Positive MVC is pointing towards 6850 and is double than anything else. I think we at most go past 6850 by 5 points of that unless … Read more

I opened a call credit spread position at the rejection of SD2 of VWAP on US500 as price seemed like it was struggling to go further up. The data was looking a bit funky. It was all pointing upwards with a strong delta but net drift seemed to want price to go down a bit. … Read more