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
Today was one of those days where I probably should have waited, I Would have definitely been able to get more premium if i just waited but sometimes fomo beats the best of us. Deltas were signaling for downside however markets pumped up to the previous day close range. I sold calls because i felt … Read more
So based on the delta today, it seems like upside potential is the possibility so i opened a put credit spread position on 6915/6910 for $0.50 near a bit above VWAP at the open. It was a bit risky but from the data and plus the 9/20 emas lining up, it seemed that upside would … Read more
So today I waited for market to slow its climb up after it. My First Trade I sold calls at the open for 6935 as the MVC was 6930 however after the first 15 minutes markets suddenly jumped up in which i got stopped out. I sold for $0.55 and closed at $1.10. I waited … Read more
Today I’ll be showing the data I have for Quantdata.us and how it looks. Attached is a screenshot of what the markets looked like at 7:18 AM PST, I made the images smaller, but they are now clickable to show their full size. Normally based on the data I should have sold puts but I … Read more
So unfortunately today was a red day. I sold 3 puts at 6835/6840 around 6:35 PST. for $0.50 and closed my positions at $1.00. Did Not expect price to just drop after reaching the top. Should have gone less. However, my swings for credit spreads have all been flying today. Since it was a decent … Read more
So I chose the wrong direction at the open in the morning since I woke up late and didn’t read the data in time. Luckily I only sold one put at the open and closed it once it hit double of my selling price. I sold 3 call at 6915 for $0.60 with same stop … Read more
Based on the premarket data from US500, I could tell today the ranges for SPX were most likely gonna be small and contained as the Standard deviation from Vwap were still small at the open and didnt expand even when price touched the area where 3 standard deviations from vwap was. I sold 2 contracts … Read more