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 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 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
Today was a test day. I wanted to sell one standard deviation(SD) from the opening price. The 1SD was 6830 so I sold 6840/6820 for $0.80. Had a stop loss for double that amount. This trade worked out really well so I might do this more often if I see the opportunity to sell around … Read more
Didn’t get into any trades today. Woke up too late to get into the market and most companies are having earnings reported this month so there aren’t any opportunities for Swing Trades especially since we are near All Time Highs on SPX again. Its kind of risky to be in any trade at the moment. … Read more
So today I sold 2 contracts at 6890/6885 puts for $0.50 when IV was high and near VWAP. It was a bit high due to 7 AM PST News. I chose these strikes because it was way below the previous day close. When news dropped, the price dipped but because there was no more further … Read more