We all know the markets bullish right now.
If your shorting, your most likely scalping or completely cooking yourself trying to catch big moves.
Trust me, I have spy puts open right now as a hedge and they are down 70%...
Look to the left on my chart. Thats the last time I played DDOG and it was an options play. Extremely profitable and no drawdown. Picture perfect play of a 200ema break out and retest on the daily time frame. By the time I closed my last contract I think I was between 300-400% on them, maybe more I can't remember....
Why I'm bullish right now:
We have now retested the same fair value gap from the breakout that I caught. It is sitting on top of the Daily 200ema, and it has now created a daily Order Block.
At the close I grabbed 10/17/25 calls at about $3.60
Depending on how the market acts tomorrow, if it's a red day, it would be a good time to catch a cheaper price on this contract. I am bullish on the market on the weekly time frame so I do believe at some point the QQQ & SPY will have some sort of a break out by either Wednesday or Thursday. Which is typically our directional expansion day.
Now if we do close this week red on the overall market, like any call option this could be cooked and if we close under my shown stop loss you'd probably loose like 50% or more playing the options.
If you want the more "chill" route try out shares. It's a pretty tight stop loss. Daily close below $123 and I'm out.
-Which is a super small loss on shares with a take profit of about 15% at $149
I'm by no means a guru at all, I just trade patterns, don't care about the company typically or the news, so if my technical analysis doesn't make sense then please don't try this out.
All concepts are conspiracy's until we see what price actually does.
*NEVER MAKE A DECISION UNTIL THE TIME FRAME YOUR PLAYING CLOSES.
- which in this case is the Daily time frame.
I don't care about any other time frame in this play.
Trrading is totally gambling, but if we use the proper risk to reward, and stick to one or two strategies then we can make some decent money (the trend is your friend!)
If you got questions let me know I'll answer as soon as I can.
If your shorting, your most likely scalping or completely cooking yourself trying to catch big moves.
Trust me, I have spy puts open right now as a hedge and they are down 70%...
Look to the left on my chart. Thats the last time I played DDOG and it was an options play. Extremely profitable and no drawdown. Picture perfect play of a 200ema break out and retest on the daily time frame. By the time I closed my last contract I think I was between 300-400% on them, maybe more I can't remember....
Why I'm bullish right now:
We have now retested the same fair value gap from the breakout that I caught. It is sitting on top of the Daily 200ema, and it has now created a daily Order Block.
At the close I grabbed 10/17/25 calls at about $3.60
Depending on how the market acts tomorrow, if it's a red day, it would be a good time to catch a cheaper price on this contract. I am bullish on the market on the weekly time frame so I do believe at some point the QQQ & SPY will have some sort of a break out by either Wednesday or Thursday. Which is typically our directional expansion day.
Now if we do close this week red on the overall market, like any call option this could be cooked and if we close under my shown stop loss you'd probably loose like 50% or more playing the options.
If you want the more "chill" route try out shares. It's a pretty tight stop loss. Daily close below $123 and I'm out.
-Which is a super small loss on shares with a take profit of about 15% at $149
I'm by no means a guru at all, I just trade patterns, don't care about the company typically or the news, so if my technical analysis doesn't make sense then please don't try this out.
All concepts are conspiracy's until we see what price actually does.
*NEVER MAKE A DECISION UNTIL THE TIME FRAME YOUR PLAYING CLOSES.
- which in this case is the Daily time frame.
I don't care about any other time frame in this play.
Trrading is totally gambling, but if we use the proper risk to reward, and stick to one or two strategies then we can make some decent money (the trend is your friend!)
If you got questions let me know I'll answer as soon as I can.
Trade active
We are back in the green! this is all set up beautifully for tomorrow. I hope NVDA doesnt screw up earningsTrade closed: stop reached
Closing tarde here since im in options and back under break even. Collected around a 100% return on the options that I closed on the day that it pumped.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.