I opened 2 6830/6835 call credit spreads at 7:40 AM PST for $0.50 premium. I plan to close both at $0.10 if possible. I set a stop loss with two candle closes above the VWAP on US500 which is currently 6792.6. At the moment premium is at $0.35. Will update if I decide to close … Read more
I opened a call position at VWAP Touch for US500. The strikes I chose were 6910/6915 Calls which is the Positive MVC. I got $0.65. I plan to either close them for $0.10 or cut them if it passes 6871. If price closes above VWAP at 6857.2 I’ll consider opening a Put position as well … Read more
Decided to sit today out. Woke up to late to get into any trades.
I opened a position 6855/6860 Call for $0.60. Was able to close at $0.05 at 7:30 AM PST.
Opened a 6905/6910 Call for $0.70 at 7:15 AM PST. Looking to close at $0.10. Will Update this post when I either close the position for the loss or my $0.10 set buyback hits. Update: Was able to close these for $0.20 at 12:10 PM PST.
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