I Sold a 6915/6920 Call for $0.55 at the open at 6:41 AM PST. Figured since MVC was 6900 today, I don’t think it will be likely for it to close above 6915 today. Deltas look bearish but you never know with SPX so I only got into one position. Looking to close at $0.10.
I sold a 6985/6990 call at 6:35 AM PST for $0.70 the moment price closed below vwap. The deltas also confirmed that we might see some short term downside so im hoping that the deltas continuing going red until premium goes to the $0.10 profit taking that I set. Update: I was able to close … Read more
So although delta is pointing bullishness, I sold against the trend because I see weakness. I sold a 6955/6960 call for $0.50. I plan to close at $0.05 or if price gets really close to my position ill double down at a strike further. MVC today is 6950, so my strike is 5 points away … Read more
Today I didn’t trade. Wasn’t feeling up to it. It’s better not to trade if you feel like you shouldn’t.
I sold a 6940/6945 call for $0.70 at the open when I saw that big orange candle down. Deltas had also flipped red as well. I set a stop loss for high of day or close for $0.05. I was able to close these at 8:05 AM PST for $0.05
Sorry for the late post. As you can see price was very volatile today so I had to keep my eyes peeled on the screen incase price continued further up. I sold 3 – 6910/6915 calls for $0.70, 30 minutes after the open at 7:05 AM PST. Deltas didn’t look good at that moment but … Read more
I sold calls the moment price touched VWAP and then sold another leg down a few minutes later. I sold 6895/6900 calls for $0.60 and 6885/6890 calls for $0.50. Looking to close them at $0.10 probably unless price doesnt go back up past 6815. If price holds below 6815 for the rest of the day, … Read more
I Sold 3 6905/6910 Calls for $0.60. Currently the premium is still the same. Price today has been really volatile, going up and down 20 points the span of ten seconds. I set a stop loss on the bullish ATR Level marked on my picture which is the Teal horizontal line. Looking to close for … Read more
So I messed up today. I should honestly wait for the first ten minutes to settle. Price broke through the first bar ATR level of the upside but didn’t hold. I thought i would continue higher so I sold puts. However it pulled back past the Teal horizontal line. So I closed my position for … Read more
Took a Risk for Continuation. Sold 2 Puts 6950/6945 for $0.65 as it broke SD 1 of VWAP and Gamma seems like it wants to reach 7000. Looking to Close at $0.10. Closed Trade with a loss at $1.65 each. Could have closed at $0.30 at one point but i got greedy. Need to take … Read more