Based on the deltas, It looks like price wants to come down and it wont push any further. After Price came down past the orange dotted line I sold calls at 6475/6485 calls for $0.60. Looking to close everything for $0.05 or $0.10. depending where price is in about an hour. I held these … Read more
Due to the deltas pointing for more downside, I sold 2 call credit spreads at 6530/6540 for $0.60. Looking to close at $0.05 unless price goes above 6488. If it does then i’ll look to close for 50% Update: Price finally dropped to 6395 as of 10:35 AM PST and I was able … Read more
Today’s delta was very red in the morning but a push happened for some reason. Probably due to trump making an appearance on tv. As price started to get weaker. I sold Calls 5 points above the 6620 positive MVC. I opened 2 call credit positions at 6625/6635 for $0.55. Will be looking to close … Read more
Price jumped up at the open and I sold 2 contracts of the 6690/6700 call credit spreads for $0.70 each at the top. The strikes are way above the positive gamma MVC. Which was pointing at 6655. I’m looking to close at $0.05 or $0.10 depending on where price is after 8:30 AM PST. If … Read more
Delta are all negative mostly. I sold 6615/6620 at the beginning for $0.50. If Price stays below the VWAP (blue dotted line) I’ll look to close for $0.10 or $0.05. If price climbs above VWAP, I’ll look to close at 50%. Update: I closed my positions price climbed up to 6572 in less than 30 … Read more
Due to a Trump tweet in the premarket about not hitting any major Iran energy infrastructure, Price jumped up. I sold 6705/6715 call credit spreads for $0.50. Looking to close my positions at $0.10 or lower unless price goes past 6650. If it does then I’ll look to close at 50%. Update – (8:50 AM … Read more
Today is OPEX. None of the data on Quantdata is reliable today since so much contracts are expiring today. Since price couldn’t break past VWAP (Blue dotted Line) I sold calls above yesterdays high. Looking for price to stay below vwap for today. I opened 2 call credit spreads 6655/6665 for $0.60. I plan to … Read more
Delta were very negative in the morning but price kept pushing up. I opened two call credit spreads for $0.60. The strikes I chose were 6660/6670. If price goes above vwap, I’ll look to close for 50% however if it stays below vwap on the US500(blue dotted line) I’ll look to close the first one … Read more
So everything pointed for short term upside. I waited until premium for the strikes that were 10 points further than the current MVC(SPX6780) were at least $0.55. I sold 3 call credit spreads at 6790/6795. I was originally going to aim to close at 50% if it continued further but now it is set to … Read more
Based on the Data, I should have sold puts, however net drift was showing that alot puts were being bought. I opened a call credit spread at 6760/6765 for $0.50 and $0.60. I’ll look to close for 50% or more depending on the situation as im betting basically on a reversal based on the data. … Read more