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
Based on the deltas, We had short term bullishness, however we had pushed up so far during premarket, I didn’t think we would push past that far any more. I chose strikes way past the 6475 MVC. I sold 3 call credit spreads 6505/6515 for $0.50. Looking to close these at $0.05 or $0.10 depending … Read more
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