raylong So Today I opened a trade at 6:45 AM PST. I saw on Quant Data that the Deltas were red, yet price kept pushing up so I decided to make a trade the moment a candle had top wick close. The Strikes I chose were ten points further from the positive MVC which was 6930. … Read more
Today Markets Showed Heavy In Deltas. I waited for price to see if it could push back up towards VWAP but is stopped right upon reaching the SD1 of Vwap which is the orange dotted line and also the 50 ema on the five minute. As candle engulfed the previous one, I opened a position … Read more
Today I sold 6980/6990 calls for $0.80 at 6:45 AM PST. Looking to close at $0.10. Today’s market was a bit dangerous. The moves kept moving so fast was not really feeling it. But I figured I might as well do one trade if it broke past the SD1 of VWAP and held. If it … Read more
So I opened a position at 6:34 AM PST. The reason why I did this was because although price tried to hit VWAP at the open it failed and was still under the SD1 of VWAP (Orange Dotted Line). I put my stop loss at the nearest ATR lvl close above VWAP which is the … Read more
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