Jan. 31 expiry. 142/147 Call Credit Spread. 73% POP. $2.50 Credit or more. $250 risk. $250 reward.
Jan. 31 expiry. 143/148 Call Credit Spread. 67% POP. $2.50 Credit or more. $250 risk. $250 reward.
Stop is $148. Price above this and trade is invalid.
Price fell out of pattern.
cross and 10WeekMA price cross.
Multiple gaps to fill down to $118. This would be a good long entry once downward momentum stops.
Daily and Weekly trends both just turned .
Daily is indicator to exit trade mentioned.
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Disclosure - I am long BTCUSD , GBTC . Short term GDX , SPXS , MCD
$2.83 credit received was better than estimation above.
Will update with progress.
Jan. 14 - 142/147 Bullish Put Credit Spread - Opening order credit of $3.15. 2 Contracts. Close order $1.95. Profit $240 same day hold.
On the 14th, at 11:35 AM, I sold a $143/148 put credit spread for ($2.55). I believe it was at this very moment, the $142/147 spread wasn't favorable and I was a bit emotional with FOMO.
It was going well, but there was just some stalling in the ticker that I wasn't appreciating with its candle development.
So on the 15th, at 8:47 AM, I exited out at ($2.35).
Took the 20 cents of profit on my 5 spreads and called it a day.
I look forward to re-entering, @MoneyPatterns
I think we can find a replay...I will examine probabilities for the next few weeks to see our trades.
Look at price pattern on Daily....lower highs and lower lows every Daily candle means trend is down.
Think like an old lion. Nothing makes an old lion panic.
They don't hunt or chase.
They wait at the watering hole (where everything comes) to find the sick or injured gazelle.
DIS looks sick to me given the pattern. So this lion is already hanging on DIS's back, just waiting for it to tire out.
Matter of time :)