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.
Where is Kraiger?
Yes the 4 hour is looking to turn bullish we will see with this herky jerky market if that macd can cross. The 1 hour and 2 hour are very indecisive right now
Good morning Kraigger
On some SPY 175 puts for next friday expiration @ .87. You watching anything today. NDX 15 minute starting its curl.
Sold 6 AAL 38.50 puts at 2.00 from .58.
Good Plan I will keep an eye on those candles
Kraigger- I expect AAL to find some minor resistance around 38.12. If it hits it bounces up a little then breaks down through it I think 37.49 is next as well
Sounds good. Let me know when/if you sell today.
I'm on those same puts with you Kraigger. Should be interesting last hour of day. Market looks weak.
SPY $185.95
insider buying--is there somewhere on the net that will list out daily insider buying? Thanks
I am in!!
SPY 209.74
Kraigger--are you on vacation this week?
Go back and read Kraigger's posts about his rules of trading. He has a very defined and rational plan and chart method for choosing when to enter and exit options. Best I have seen in 5 years of trading options.
NDX--Looks like it is shooting for 4552 -4562 range before chart may shape up for puts again. You cover your puts Kraigger?? I lost about a third. Sometimes even the chart fools us. Have to get em next week;)
NDX chart is broken 4 hour histo just turned back up I'm out with about a 35% loss. Will wait for chart to set up again next week
Ok no problem. good Luck today
Can you screenshot your 4 hour chart? Thanks
Ok thanks for explaining that. On your 4 hour macd histogram are you using the 12,26,9 perameters?
Ok so essentially with NDX they trade on a 4 day week considering they are expired on first tick on Friday. Guess I will chalk this one up as a learning experience. Did you dump the 4465's. Your 4500 puts should be nice at the open here soon;)
GM Kraigger
Quick question--Do the NDX options always expire at close on Thursday? I never saw an option that didn't expire on a Friday other than if the entire market was closed. I haven't picked up any NDX puts for next week but plan on it. R u still holding your puts for this week and next? Thanks and hopefully we have a red day.
Ced the market is closed on Monday the 25th but it is open this Friday. Shouldn't the weeklies expire at the close Friday they are the NDX May 22 15' puts. I would think it would say NDX May 21 15' if they expired at close tomorrow. ??
I'm looking to get into next week puts if it can break 4484 tomorrow. Hoping for a red open
This Friday. Looking for a gap down in the morning.
Kraigger-I averaged the 4450 ndx call to 3.13 today. I was in yesterday on the histo cross so today's flatline day didn't help us but I think the low volume etc. was due to the FOMC meeting. Tomorrow should be plenty red unless the charts are head faking us.
NDX- 1 hour and 2 hour histograms have crossed center line. 4 hour trending down.
Did Kraigger sleep in LOL!!
Kraigger--Thanks for the explanation. So after the buy you hang on until the 2hour chart starts to reverse and then you have a 2 hour window before the 4 hour chart confirms it is time to sell. Am I understanding you correctly? Also, on Tuesday morning you and I both sold the gap in the first 30 minutes in the morning. So I am supposing selling the gap trumps waiting for a turn in the 2 and 4 hour chars? Thanks
That makes sense. Thanks for clarifying.
Question for you Kraigger--On your previous ndx plays you said that you enter a little on the 1 hour chart histogram cross and buy more when the 4 hour confirms like it did today. Now, you said your exit was determined by the 15 minute chart. How do you distinguish holding today even though the 15 minute histogram peaked and began to decline? I played FB this morning and entered on the 1 hour histogram cross and exited and hour later when the 15 minute histogram started to change direction. I cleared 150% so I am very pleased but I want to make sure that I am exiting at the right time or did you mean to exit when the 15 histogram not only began to decline but crossed back over the center line. Thanks and great trade once again.
Looks like a premium eating day on everything. sitting on sidelines for now. All the chart indicators are sitting at very median levels so not worth jumping into anything.
Kraigger--Nice play. I got in the ndx 4375 yesterday late at 7.97. Exited this morning on that gap down at 23.60. Now just going to wait till chart figures out a direction.
R u still in kraigger?
Ok thanks for letting me know. Now lets watch it fall hopefully
Once into freecharts.com type in ndx and select 4 hour
That's odd. Has your one hour histogram crossed into negative yet? Mine hasn't on stockcharts. I want to make sure mine is correct or not Thanks http://www.freestockcharts.com/platform/v1
4 hour ndx chart just crossed over into positive histogram area. One hour contradicts four hour but has not crossed. I think I will sit this one out until at least the one hour can cross.
makes sense thanks
Ok so even though the daily candle reversed course yesterday you are sticking with puts. So even though the one hour histogram has not crossed back down you are going with puts. So this trade is more based on your feeling that the market is still weak but not necessarily strictly triggered by the charts. Im just trying to pin down the triggers fr entering and exiting. For example towards the end of the day yesterday it was clear that ndx daily candle would reverse its course and about 5 hours before the close the one hour histogram crossed. I avoided buying calls since IMO a one day reverse in the daily histogram candle direction is not solid confirmation of a trend change. However by the time two daily histogram candles change course the one hour crossover has long ago occurred. Tricky Thanks for your help and good luck
Kraigger--So yesterday,s daily histogram candle on ndx was shorter than the previous day and thus changed direction. So now you are waiting for one more daily candle to confirm or is one candle change enough.