Quick option spread play for the next 2 weeks: * 1 year trendline still holding * bullish trend Max profit: $154 Probability of Profit: 62% Profit Target relative to my Buying Power: 18% Max loss with my risk management: ~$150 Req. Buy Power: $846 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 12 Expiry: 13 days Sell 2...
AAPL Bull put spread Actually entered this back on May 4, Star Wars day but didn't log it Did not have any parallel channels drawn at the time of entry. Janet Yellen opened her mouth about inflation and the markets tanked. Pushed AAPL into an aggressive buying zone at the time. Sold the 123/122 put spread at 25% ROI, 10 DTE Tucked the sold strike as far into the...
10 DTE May 21, 27% ROI Potential downward channel with slope translation from the selling highs. Almost into an aggressive buying and demand zone in the 5m timeframe not seen on the hourly chart. 4h trend is up, 1h trend is sideways caught between 1h supply and demand zones, just as I like it. It's a wide 2.5 strike width, but position size reduced. This morning...
I'm planning to expand in better conditions. Max profit: $186 Probability of Profit: 73% Profit Target relative to my Buying Power: 22% Max loss with my risk management: ~$220 Req. Buy Power: $814 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 7.7 (relative low) Expiry: 44 days Sell 2 AAPL Jun18' 135 Call Buy 2 AAPL...
DKNG Bear Call and Bull Put spread Sold the Bear call yesterday May 5 for May 7 expiry 3 dte but haven't had time to log it. Sold for 25% roi and 3 dte. I've been extremely groggy today and had to take a nap. Sold Bull put today 5/6 for 8 dte and the same 25% roi at the 46/45 strikes It's not looking so great at the moment, but in theory, the current demand...
Sold the 55/54 put spread 8 dte for 20.5% ROI Price into remnant demand behind 2 liquidity search spikes Looks like a downward trending channel. Spread is tucked at the distal side of next demand zone down which appears to be a higher timeframe zone. Market is already making 2 strong bear moves down, so it'll have to keep extending to get the sold strike. In...
SMH Bull put spread Sold the 230-227.5 bull put spread for .42 which was 20% ROI and 3 DTE, and then the market quickly traded to .56 and .62 as the 236 zone dind't have any buyers. So the lack of any buying activity made me lose confidence in the trade. I bought the spread back for 0.38 for a 0.04 profit about 5 hours later and took it as a day trade. I'll look...
RIOT Bull Put spread 37 sold 36 bought, 7 DTE, 25% ROI Earnings isn't until May 17 BTCUSD 1h is sideways trend, testing 1h supply, broken downward momentum line, with a new RBR RIOT Strong sell off into March 25 demand zone 1st touch was into proximal edge 2nd spike down yesterday could just be momentum continuation Pullback into 5min buying zone, unconfirmed...
CLF bear call credit spread CLF rallied hard into alert line at VPOC 19.72 supply RBD higher timeframe daily zone. Looks like the proximal edge was tested already Apr 27 so a test of VPOC is next logical place that sellers may resume selling again. Spike high is above 20.80 and I sold the 21 calls 10 DTE, and got 20%. I had an order resting limit for hours at...
CAT bear call spread CAT rally up into an 1h liquidity shelf 232-234 RBD origin supply zone. At the time, it looked good as I got the alert. Sold 237.50 calls with 240 bought. 3 DTE, 22% ROI Now that I look at it doing this write up, the Apr 29 opening candle was a liquidity spike search up at the open. I should've waited until above 234.70 and sold the 240...
AAPL selloff hard into the 127-126 RBR zone. Zone had strong imbalance and no retests on departure. Sold 123-122 bull put spread for 21% ROI, 10 DTE Pain in the ass getting a fill. Had limit order for 122-121 spread at .18 for 4 hours and no fill and watched as last price traded at .19 and .20. Ridiculous. Spread is tucked at the proximal edge of the next 4h RBR...
Smooth RSI is extreme oversold, and the IVR is ultra high. Obvious bounceback play. Max profit: $240 Probability of Profit: 57% Profit Target relative to my Buying Power: 47% Max loss with my risk management: ~$200 Req. Buy Power: $510 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 88 (ultra high) Expiry: 35 days Buy 3...
Hoping to see a bounce off this previous break out of the Head and Shoulder pattern. As long as we close above $700 this week, I think earnings on Monday will bring Tesla back above $800 level. FUD spreading by the media of Tesla's autopilot killing 2 people in their vehicle, experience traders should see this as a buying opportunity. I have bought several more...
DKNG Bull Put Spread 22% ROI, 8 DTE Higher timeframe ascending trendline Overall trend is sideways, testing 4h demand and potentially moving up into 1h supply Aggressive buyers seem to step in on the trendline Price moving down into higher timeframe demand zone Last hourly 3 legs down had a potential middle leg with body gap down, could be EW 3 of 3 center Last...
After a solid 3 day run on Tesla, looks like we are seeing a healthy retracement and bounce off the .5 Fibonacci level. To me it appears to be a good opportunity to enter in a bull put credit spreads for Friday or next week expiration starting at $690 level. It would get risky if it would break lower then $712 during tomorrows trading session or a close below...
MPC call credit spread Sold 56, bought 56.50, 2 DTE, 19% ROI Larger decline removed demand Sideways in a channel, generally trending down, so with trend in a channel Most recent decline penetrated half way into last strong demand Not entirely ideal, because of the liquidity search spike up into 55.28 on the decline, but the spread is above 1 supply and into the...
KRE call credit spread - back logging entry, not at expiry yet At likely channel high resistance Driving in hard rally The center line is well respected Likely a -2 to +2 sigma move and then roll over Danger is rally expansion after a consolidation so need short strike to be as high as possible Aggressive sellers above in DBD supply zone Short strike at 70 is at...
Entered 4/7/2021 15:33 at green arrow - back logging the trade, not at expiry yet Higher timeframe trend is up Price making weak tops and buyers defending the proximal demand zones Price coming back into +1 sigma At base of hourly demand Potential buyers stepping in, enough to cause a time delay 77.50 sold strike is AT higher timeframe demand zone proximal...