So today I wanted to try my strategy I used yesterday. I marked high and low from 5:30-6:30. Price broke the premarket high and I sold 2 Put Credit Spreads at 6940/6945 Puts for $0.50. However when price dropped and almost broke the premarket low. I closed one position for $0.80 and took a $0.30 … Read more
Today’s open looks like it wants to push up. Gamma and Delta Look strong, however for some reason price is so slow climbing up. Could be that we are in low IV. I sold a 6870/6875 put credit spread for $0.70 at the open and then also sold 6875/6865 Put credit spread for $0.75 as … Read more
So my broker wasn’t working today, so today was a no trade day.
So IV is very low, If its under 20 I need to sell as soon as the market starts. I sold a 6880/6890 call credit spread for $0.70. The Positive MVC is pointing towards 6850 and is double than anything else. I think we at most go past 6850 by 5 points of that unless … Read more
I opened a call credit spread position at the rejection of SD2 of VWAP on US500 as price seemed like it was struggling to go further up. The data was looking a bit funky. It was all pointing upwards with a strong delta but net drift seemed to want price to go down a bit. … Read more
So yesterday night, The Iran Ceasefire with US happened and price jumped up 175 points. Trump basically chickened out after sending all those tweets. I decided to go against the trend as we went so far up, normally price tends to want to go back to vwap at least. Positive MVC Started at 6800 at … Read more
We started in red delta and we started in negative gamma territory. I waited for five minutes, and it climbed to 6600 almost before rejecting with a big red candle. I decided to sell calls using SD3 from VWAP which is the dark green at the top which is 6636. I opened two call credit … Read more
Today’s deltas were all very positive, however positive gamma mvc was only a few points away. Since it was such a high gamma level I had a theory that it wouldn’t go past 20 points from MVC. I set a stop loss for 6620. I sold call credit spreads for $0.75 each for strikes 6645/6650 … Read more
I’m sitting today out.
Today’s Data was a bit mixed. Deltas were looking for upside. However Net Drift was showing a bit of short term weakness. I opened a starter position at 6610/6615 Call Credit Spreads for $0.85. I plan to play around this. If price continues Higher, Ill look to add in puts. Price climbed Up, I repositioned … Read more