Higher timeframe sideways caught between aggressive supply and demand Last hourly in control is demand Violated downward momentum line Potential oscillation channel with good respect through middle and +-1 sigma At hourly demand continuation pattern Very aggressive selling With flip zone high 77.81, bull origin gap defense zones Put spread 19% ROI, 4 DTE
Last week rally ending gap removed aggressive supply With higher timeframe trend Up At ascending trendline Not aggressive selling character, but no hourly supply removed yet either Into a VPOC, first test At hourly demand At current flip zone high Untested hourly demand defense Able to get 19% ROI 11 DTE
With Oil (gas prices) on the rise and the recent winter storms in Texas slowing production, a long with announcements that demand for oil is increasing; USO turned green on on the last hour of trading. Entered a 41/40 PCS for 0.23 3 DTE below the daily low. AMEX:USO
Hello all, hope everything is well. This week I’m looking at the SPY and looking to grow capital invested by 3-5 percent per trade with 92% - 95% percent probability of profit. -Current price is: $382.88 -VIX is at: 21.90 -Credit spread sell strike: $370 Exp 1/27 and $367 Exp 1/29 -Is price trading above 50 day SMA on the 4 -hour, daily, and weekly chart?:...
I'm looking to enter a Put Credit Spread on DIA with the goal of collecting $5-$6 worth of credit per contact with a $1.5 wide spread. I'll be holding till DOE with the intention of growing capital invested by a minimum of 5% for the week. -Current price is: $308 -Credit spread sell strike: $290 -Current price to sell strick: 6.2% -Is price trading above 50 day...
I'm looking to enter a Put Credit Spread on DIA with the goal of collecting $5-$6 worth of credit per contact with a $1.5 wide spread. I'll be holding till DOE with the intention of growing capital invested by a minimum of 5% for the week. -Current price is: $308 -Credit spread sell strike: $290 -Current price to sell strick: 6.2% -Is price trading above 50 day...
I'm looking to enter $357 SPY spreads and holding till DOE on the 22nd. I'm aiming to collect 5-6 credits per-contract with a goal to grow capital invested by a minimum of 5% for the week. -With the SPY trading at roughly $375, we would need a -4.8% move to the downside for the week for the price to come down into the range of our strick. -Price is trading above...
Watchlist Breakdown and Trade Ideas - AAPL - AMZN - ZM - CRM - Slack - AMD
Everything's noted in the publications. Hopefully someone finds it helpful. Even with earnings coming up, I am holding my Call Credit Spread for 6 months expiration. Cheers.
Hi folks, I would love your input on my analysis and rate my trade. - Last week, I entered into a Bull Put Spread 1500/1400 Oct 30th expiry. I KNEW we're heading into bearish territory, but I listened to my heart instead of my head. Nevertheless, here is my reasoning - 1500 is below the 50MA and the 100MA. - By the time Oct 30th comes around, 1500 will also...
Hi folks, I would love your input on my analysis and rate my trade. - Last week, I entered into a Bull Put Spread 3350/3200 Nov 20th expiry. I KNEW we're heading into bearish territory, but I listened to my heart instead of my head. Nevertheless, here is my reasoning - 3350 is below the 50MA, which has served as very good support in the past. - By the time Nov...
Observations Although there big engulfing red candle today, the 50MA held.. barely. The body of the candle closed above the 50MA. Such strong bearish movement is likely going to continue tomorrow and it will likely test the 100MA. There are some strong supports though. The candle closed above the trendline, in addition to the 50MA support. The next...
The market can go either way next week, but likely down instead of up. It tested the resistance and failed. It's likely going to fall back and test the 50MA. Although I wouldn't take a directional trade, I would sell a credit spread with DTW before Oct 30th, with the short let at 11,000 or below. By the time it expires, 11,000 would be below 50MA and 100 MA...
Second day of price action with full candle close above the 9SMA. While RSI is in overbought temerity, the MACD is noting increasing momentum. Sold a 1.00 wide 18 delta PCS at 150 with 7 DTE. Looking for at least 50% profit before closing. AMEX:IWM
In this environment looking for slow and steady wins the race type of higher probability 'income'. 1. looking for neutral to bullish action over the next 20 trading days 2. buy signal on 'TURTLE SOUP plus one' - recovery from new 20 day low, with reversal bullish. 3. Found 0.10 net credit premium on 17.51 European put option with 17.00 American put protection *...
I think with the slightly over-cooked sell-off into an area with high volume trading activity should be price stabilize. This is a strong company with good projected income potential over the next few years. If I was forced to buy it via exercised then I could live with that. In the meantime - I can pick up a credit at close to 'at-the money' and see what...