Inside daily candle is not something you want to see if you're thinking upside. I'm expecting a potential bounce at demand around $406, but I think we could go as low as $400 before the end of this week or sometime next week.
Not entirely sure how to play these but I think consider entering puts under $409.70
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...
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...
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...
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...
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...
