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
I sold opened a 6760/6765 call credit spread for $0.60 the moment price closed below the top level SD1 from VWAP (Orange Dotted Line). The Culmulative Delta indicator had also crossed below the 0 line meaning deltas were negative. If price goes below VWAP, I’ll look to close at $0.10 however, if price stays above … Read more
Sold 2 contracts for 6790/6795 Calls for $0.50 Premium. Looking to Close at $0.10. Reason why I chose the strikes it was because it was above yesterday’s open price and at least $0.50 Premium. Delta’s pointing for more downside and so is Gamma. Will close positions if price reverses and closes above the SD1 top … Read more
Decided not to trade today anymore today after I got faked out by a Trump tweet. Fortunately I was only in one contract and only lost $50. Price Got pushed up like 30 points in two minutes from a Trump Tweet at 7 AM PST. Then price went back down and reversed. It’s 7:45 AM … Read more
Based on the open and the weak deltas, I sold 2 Call Credit Spreads for $0.65 at 6850/6855. Price for both US500 and SPX were right under VWAP (Blue Line for both). I Added a Stop loss at a close above today’s high. Looking to Close for $0.10. Will update if I end up closing … Read more
I sold 2 call credit spreads for $0.50. The strikes I choose were 6765/6770. The reason why I chose these strikes was because they were further than the 6750 strike price. This is the second largest positive Gamma on QuantData. I’m looking to close these for $0.10. I closed these at $0.25. Price started climbing … Read more