ThetaTrades

ThetaTrades

Put Credit Spread Strikes: 191 short / 186 long Credit received: 0.51 Max loss = 5.00-0.51 = $449 Hey Everybody! I have not posted a new trade idea since march 10th, due to a combination of life being busy (part time trader) and the fact that I really wasn't sure where to place my trades with current market conditions. Unfortunately this has lead to my portfolio...

02:02

ThetaTrades Updated 

Video says it all, this trade was a two part trade, the put spread was put on around lunch and the call side was added before the bell to provide an additional credit to help with the tested put side. Total BP used = 500 USD - Total credit recieved = 1.05 or $105.

ThetaTrades Updated 

DIA - The index ETF I like to trade but never gives me liquidity haha. Fill: 0.544 Fill (after comm) Strikes: 320 short - 315 Long Max Loss: 500-54 = 445 Short leg delta': 0.16 Reasoning: 1. White lines identified support/resistance zones 2. 10% return on margin and 16 delta short leg was below these zones and provided additional margin of error Simple trade...

ThetaTrades

Put Credit Spread Strikes: 175 short / 170 long Credit received: 0.54 Max loss = 5.00-0.54 = $446 It has been a while since I posted and this is for a couple of reasons. 1. A short vacation away to kick back and relax 2. The markets have been chopping all over my currently open positions and taking longer to turn and burn trades, meaning there just was not much...

ThetaTrades Updated 

Trade Credit: $0.55 = 11% Return on Margin Max Loss = 500 - 55 = $445 Strikes - Short 185 / Long 180 This morning I realized that I need to get more capital deployed based off of my trading plan (something I hope everyone has!) As such I went looking for trades, and today is not a bad day to enter trades. Reasoning is below! 1. Recent red days = Increased...

ThetaTrades Updated 

This was an order that I had input this morning when going through the my broad market charts. Reasoning is below: 1. Clear support at 352.75 (White line) 2. Long term bullishness on equities, especially if inflation continues. Caveat to this is that with rising rates I do think Tech will feel the pain more than other names. As such this position is 1/2 my usual...

ThetaTrades

Fill: 0.54 Credit Strikes: 400/395 Max Risk: 500-54 = 446 This was an order that I had been sitting on all day, trying to hold myself back from reducing my target price. Ill be honest, I liked these strikes so I wanted the trade. Reasoning: 1. Large move down today, attacking prior lows - This is jumping the gun a bit as I usually wait for some confirmation of...

ThetaTrades

This idea is a little out of the norm for me. I generally stick to broad market, but from time to time I play sectors. Credit Received: 0.36 or $36 / contract Strikes: Short 73 Long 70 Max Loss: 300-36 = $264 per contract Short Leg Delta: 30 Delta (more on this below) Trade Reasoning: 1. Market is being beat up by both the Ukraine - Russia situation and...

ThetaTrades Updated 

Trade Credit: $0.56 = 11.2% Return on Margin Max Loss = 500 - 56 = $444 Strikes - Short 410 / Long 405 Reasoning: 1. Large friday afternoon drop, which I believe is somewhat expected due to the good week we have been having. 2. White lines indicate the current trading range A.K.A Support and Resistance 3. Yellow Dotted line = Recently low and becomes a MUST for...

ThetaTrades Updated 

This idea is related to my earlier idea. Check it out there for logic as the logic for this trade was essentially the same. In addition to the logic: 1. The return profile was there 10% Return on Margin 2. Appropriate Delta 3. Lovely Cushion / Level for the trade. See linked idea for technical logic

ThetaTrades Updated 

Trade entered today based on my thinking that 1. This is our second green bar in a row, and I believe that either we have found a new range in the 190-200 range or we are headed back up. Which leads me to point number two 2. If we are in fact in a range then the 184 short strike is outside of that range and then some, providing a decent margin of error. 184 was...

01:52

ThetaTrades Updated 

Video says it all, two part trade which started as a put credit spread. Added call side for some P/L offset if we continue to move downwards.

01:32

ThetaTrades Updated 

As the title says, simple put credit spread, was enterred at noon today when we were green. THe position is currently being tested to the downside. I debated turning this into an IC as well just like the other trades from today, but I feel that QQQ would be the one to turn around the quickest and I do not want to end up in a scenario where my call side gets blown...

01:38

ThetaTrades

This is an after the fact trade meaning that I made the trade today and it closed today as well. Unfortunately I did not have time to post at entry. Entry: 0.50 Credit Exit: 0.25 Debit 50% Profit in a day. Ill take it!

01:10

ThetaTrades Updated 

QQQ 295/290 Put Credit Spread - 10% RoM - 0.50 credit Using S/R as always, found a level which I liked and was able to get amply compensated for the trade as well. Full Steam Ahead.

01:50

ThetaTrades Updated 

Entered for a 10% RoM - 0.50 Credit - large MoE on this trade, and compensation was there. When will this turn around, I do not know but the goal here is to be in place for when either a turn around happens or atleast a new range is established.

01:43

ThetaTrades Updated 

IWM 170/165 Put Credit Spread - 10% RoM - Love the level I got this at.

ThetaTrades Updated 

Simple trade idea here. 1 month out, >10% RoM (Return on Margin) This one was filled at 0.55 credit, allowing for commissions on the way out to be covered and keep the 10% return. I did not love that this was moving downwards still, but we are near the bottom of the range and this trade gives us 8% or so of room. Management rules will still apply. close at 50%...