Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I love pump gaps right now.
Should touch $410 now
Same chart every day
Any pump should be shorted
What chart are you using now?
Bought more $419 puts $.66 and $421 calls $1.28
Premiums are high on the put side. GOING DOWN!
Sold the $420 calls $1.80
Strangle at open $419 puts $1.06 / $420 calls $1.30
How long does it take to find the right chart to fit your narrative?
I like to keep my premiums close to the same. Usually $1 apart
Today I strangled the $425 puts and $426 calls. Equal contracts. The key is in the bigger moves. If the SPY trades flat it will bleed you. The green side most perform better then the overall strangle, it works most of the time
There have 1.5% moves every day. If you can time things right it can be very profitable however that is easier said then done. I generally like to make my money on one side and let the other ride
I strangled the SPY at open today. Bought at open $432 calls for $1.19 and bought $431 puts for $1.44. Sold the puts for $4.21 and the calls are worthless. I could have sold the calls mid day but I got busy and the market was moving fast. Today's profit was $1.58 , not bad
If anybody thinks they know which direction the SPY is going daily they are full of BS. I have been straddling the close for the next trading day every day and I rarely loose money. I don't give rats A$$ which direction the SPY goes.
I see a red inverted hammer candle coming today
Could be a higher close
Should get your $438 close today
Bought .08 sold .30 not bad lol
Buying some 436 lotto tickets
Bottom is in on the daily
Out of my puts 80% gain , holding calls for the bounce incoming
Strangled the open , heavier on the put side
Love a gap up in premarket. Usually bleeds out throughout the day. Short covering should be over soon and new shorts will enter.
Sold at $1.60
$436 0DTE PUTS $1.11 PAPER TRADE
If the 13 crosses the 48 on the daily things could get ugly
Load up on 434 lottery tickets
$434
Running out of gas, might buy some lottery tickets
Just sold the 434 calls 130% gain , riding puts now
Straddled the open, little heavier on calls
Good day for those straddles
Play the channel today
Straddling now.
I mostly straddle and rarely loose. Usually close to strike. Flat days are the only challenge
Straddling and strangling are the only way to trade options now
Could see a sub $420 close
Loading puts here
Because you didn't announce the bright green futures early this morning we may see a big bounce today. That is my TrendTrade chart analysis