Tom1trader

Tom1trader Updated 

Stochastic Momemtum Index - a true strength indix tsi with a moving average signal. This uses the built in with modifications per Anne-Marie Baiynds recommendations - she uses a SIMPLE MOVING AVERAGE for the signal (signal length at 4x the short length seems to work best to reflect actual price action support or resistance) see a YouTube vid (Note: settings in...

Tom1trader

Opening: Backwards Broken Wing Butterfly (thanks @NaughtyPines for the strategy idea) debit = 1.26 VXX spot $46.32. Theta = -.136 Breakeven around 44.60. Max p / l 174 / 126. No downside risk with profit (at expiration) of $74 with spot below $42. We cannot tell the future but am thinking This "Volpacalypse" will roll back at some (before June?) point. If this...

Tom1trader Updated 

www.tradingview.com The top panel below chart orange showing average change over 1 month +$3.60 which is also ~ the expected move based on Implied volatilty. That puts the SPY into peak profit area of this Broken Wing Butterfly spread. The break-even is another buck and a half (about) higher. Last week was a little down which sometimes makes more of a bounce...

Tom1trader Updated 

www.tradingview.com for a debit of 1.20/contract. At open, Theta 1.8 and Delta -1.65. Chart 2 weeks per candle. Bottom panel shows % move adjusted to approx. breakeven prices and the historic occurence % of those moves. Xs (top=up, bottom=down) plot for each occurence and the red green lines show percentage for the selected number in the PriceMove indicator...

Tom1trader Updated 

www.tradingview.com IV rank a little high on this max risk is the debit until the front month expiration debit 2.36 Theta 3.54 Underlying price when opened 173.20 Upper and Lower expected move 167.70 176.90 break evens 167 and 180 gives a little more room above With the break even points being clearly outside of the expected move (per implied volatilty which...

Tom1trader Updated 

www.tradingview.com Trying out this strategy for earnings tomorrow, when sets up with good IV spread the crush should profit what is typically considered a bought spread. Direction is not an issue, only that the break-even points are outside of recent earnings moves. This setup goes as wide as possible without letting the belly of the profit/loss go below the...

Tom1trader Updated 

www.tradingview.com Caught my notice as one of many stocks that popped back to begin filling yesterday's gap. The longer term trend is up. Schaff Trend Cycle (bottom panel indicator - this is a modification of LazyBear's @LazyBear, customized line color for up/down direction and background color for Elder Ray EFI grn/red above below zero and dark green/red rising...

Tom1trader Updated 

www.tradingview.com Actually opened yesterday (Thursday, 1-4-18) for a debit of $2.58. Expecting an up move with BearBull indicator both positive and generally positive and the Schaff trend cycle crossing above 25 (moving up out of oversold conditions). I like this indicator (Schaff Trend Cycle) as it tunes out most of the noise - the version you see is modified...

Tom1trader Updated 

www.tradingview.com Been meaning to try one of these . . Debit 2.46 ($246.00) Theta 1.66 Delta 1.49 IV 10 IVR 12% Break-Even / Scratch 266.60 and 253.20 (13.40 profit range) SPY spot 259.97 Will set this to close at 10% -$25/contract (this is one) - If SPY sits as still as it has today will let it go to more profit Shorts are 23DTE and at that time...

Tom1trader Updated 

Double Calendar spread actually a tiny bet on little movement of SPY before Friday Debit $20/contract. Theta 14 Will take the short legs off with any sign of price jumping or within 2 days. A big price jump without the short legs could improve the profit so will be watching this closely and out by Friday. This time leverage can be powerful, that 14 Theta is...

Tom1trader Updated 

www.tradingview.com This is what I call a Ecalendar for pre earnings announcemnet calendar spread to take advantage of the volatility expansion that occurs somewhere from 30-45 days before an earnings binary event. CAT is one of many that pops up (the IV) like a gear tooth in a clear pattern; my goal is to place the trade before the pop and profit from the rise...

Tom1trader Updated 

www.tradingview.com Opened today when spot was ~144.70. QQQ in Oct 20th monthly expiration options long the 147 call short two 148 calls long the 151 call credit .36 Theta .81 Delta 10.81 max profit 136 loss 164. Anything lower than the break-even of about 145.50 will profit between 36 and 136. No risk to down side. This trade is looking for a positive drift in...

Tom1trader Updated 

www.tradingview.com It is right around the time that the volatility may expand pre-earnings (E announce in about a month). This trade will benefit if volatility does indeed expand. Typical historical IV expansion is about 50%, this kind of boost can override a lot of price movement - msft price when it moves tends to run up prior to earnings which could allow...

Tom1trader Updated 

www.tradingview.com 1. After earnings many stocks hit a low notch in IV which looking at IV chart looks very predictable (others look more random as to when) This calendar will benefit from a volatility expansion and time looks about right and have been meaning to try one of these. 2. Price chart looks like support at around 16 to me and deltas...

Tom1trader Updated 

www.tradingview.com Often do but have not had a position in IWM lately so here goes. A little movement could favor this trade but it is mostly neutral. I have drawn a daily trend line and am using 3 indicators - trying out updates to Williams percentR and a new Pivot HighLow and will update/publish after trading with them a while. While having fun with indicators...

Tom1trader Updated 

www.tradingview.com Although QQQ tends to go its own way at times, it feels like a pause with the broader market. On the Chart The price has broken a long term rally and the same on On Balance Volume w ema. Both price and OBV are spending more time below shorter averages. Note the divergence OBV down when price up and now price looking to follow the volume down....

Tom1trader Updated 

www.tradingview.com EWW top 10 assets (Operating companies in Mexico) have solid analysis. It has been outperforming EEM (Emerging Markets). I prefer slightly more liquid options (evaluated on a % ask-bid/ premium ATM) but I like this trade and am practising trading Calendars. The metrics are on the chart. I am basing this idea method (rough copy) on the...

Tom1trader Updated 

www.tradingview.com Recent buzz has been growing that XOP could rally so I have been watching it. Almost pulled the trigger at 2:55 - end of option session local time but did not have my head wrapped around it. I do not mind trading quickly but it is easy to make clostly mistakes (how do I know that?) so I try to have it completely clear when commit. I have...