Replies to post #326811 on SPDR S&P 500 (SPY)

[USDollar]

I never get tired of reading that from you (the last paragraph)

I however have a strong spider sense that whispers me that it's room to improve said paragraph, namely the selling ST.

I don't know yet how or what but I can't shush that voice.

One thing I'm thinking of is selling the "no way" resistance.
Like for example selling 360 KNOWING that it won't get there in a week. This is just a pitiful example to present my though process.

Another would be to sell cycle high. This is more sneaky devilish thing (in your favor) as with cycle you have the added benefit of time extrapolation, thus better picture of what you are doing.

Problem with cycles is that they are not a permanent thing, but they are not rare, so it's a valid place to look.

I'm doing it and learning as we go.

I was thinking the other day of buying and selling right at the open both OTM -1%.
I have no idea how stupid trade this is, but from my calculations a move of SPY of 1% in either direction let you pocket 0.30%...
In dollar terms you gain about 1$ on one option that gains after you deduct the other.

I looked at the chart and I think it's a good trade as the lil boys make dam sure 1% moves from open are not too many. But there are plenty. My next thing is to find a way to assess the upcoming days that are going to be 1% from open, and I have not slightest idea yet.