Only placing two trades for tonight's open.
First one will be shorting The Gap
Short a naked call at 38 strike for $1.04, going to mange it for 45 days.
Or close it when it goes above $1.22
Lastly I'm going to buy PLUG as a ratio spread
Short two contracts at the 26 strike and brought the 28 strike for $1.27.
I love when I see high IV rank, higher the better for me.
I always sell my option to collect credit and collect theta as well.
Short the 90 strike and brought the 95 strike Calls.
Short the 65 strike and brought the 60 strike puts
Great support level for a buy, the option charts looks chart great as well.
IV Rank is above 20, therefore I will be selling premium, break even is at 24 if it goes drop down below my sold Put option of 25.
Closing my trade at 50% profit, so I will be making $60 if it goes my way.
Sold a Put option at 30 and sold a Call option at 50, with high IV rank of 37.
This is a bullish play, so the delta is 10. Pretty much have I have 10 shares of the S&P 500.
Hopefully it goes up and pass my Put strike.
Buy a call debit spread Gold, just to hedge my portfolio, with a low IV rank hence why I did a debit spread.
Anything below 20 IV Rank is when I do a debit spread, and Gold has been smashed to the down side.
Its below my 160 call, so I just have to wait until it goes back up to 160, if it drops more then I have to roll credit call below 160.
IV rank is at 7.4, with these kind ranks I like to pick direction because volatility is not against me.
Brought a Put at 24 and sold a Put at 22, with a expiration of 51 day.
How I would mange this trade is once it hits 50% profit I will be at or roll at 21 days.
If it goes against me I will roll up my sold puts.
Strong finish today. with a beautiful up trend.
Great higher highs, strong trend, above 63 and 252 EMAs. Hopefully the volume picks up tomorrow, it should just with the market cap and float on my side.
Looking for a swing trade for a couple of days, I like this stock because it had a pull back, volume bar look good as well and MACD was on my side as well. Furthermore, the market cap is 153m with a 185 million float, so the stock is going to move. Got in at 76.5 cents with 1250 shares a stop lost of 68 cents. Then it was moving towards my favour and I through I...
This was very interesting today, first it was not on my radar this morning, once it gaps up I thought I will go for a buy, then for some reason I was trading it like a demon. I was gambling with this stock today and I was trading emotionally.
On the one minute chart my entry was all over the place, I think moving forward if it gaps up wait for a pull back once it...