still searching for 190s after 9 some days of bouncing right at the same spot. long two weeks out 180s 190s hopefully we'll see some action into this
Good Morning, Here is my plan for December 7th for 0dte on the QQQ symbol. I have outlined some personal levels of support and resistance on chart including yellow horizontals to provide better visual of entry and exists. We want to hit the long when the price breaks or dives below 385.26 We want to go short when price breaks or shoots above 387.70 As of the...
Good Morning, Here is a plan for November 30th for 0dte on the QQQ symbol. Got the highs and lows highlighted : We want to hit the long when the price breaks below 389.08 We want to go short when price breaks 392.10 As a rule of thumb, we want to procure 3 strikes away from ITM. So for longs we want to go for 391 calls , for puts we go 389 puts respectively...
The gift that just keep giving. We laid out this plan Months ago and even first talked about it being something to watch for last year. Ever since it became fully actionable it has continued to do exactly as we have planned and so far, so good, we just keep buying low and selling/trimming higher. In the bigger picture i still say buyers should be highly...
Buy Feb-24-23 43.5 Calls @ 0.1 Limit to Open (Weekly) Buy Mar-24-23 47 Calls @ 0.11 Limit to Open (Monthly (W))
💡 SPX 0DTE Trading - Feb 27’23 4040/4045 Call Credit Spread Feb 27’23 4040/4045 Call Credit Spread Premium $95 Nearly every metric this morning is supportive for higher prices, ADD +2000, Cyclicals outperforming Defensives, a weaker Dollar and a decline in measures of implied volatility such as the VIX. Nonetheless, SPX is already up 1.2% with both the 5M and...
Doesn't look too good from a weekly time frame expecting. I'm hoping to show the $408 area the next few days/
💡 SPX 0DTE Trading - Dec 14’22 Butterfly Strangle (Low risk/high reward) Dec 14’22 3925/3935/3945 Butterfly Put (Pin:Low on chart) Dec 14’22 4095/4105/4115 Butterfly Call (Pin:High on chart) Net Debit: $60 Max Profit: $940 Despite the “pump and dump” activity yesterday, positioning was bullish with calls being added overhead. There was +7% increase in SPX call...
💡 SPX 0DTE Trading - Nov 28’22 4025/4030 Bear Call Spread Credit Received: $95 The equity net short positioning is gone, but we are far from a meaningful net long. Skew has caught a bid (put demand > call demand) lately as participants have closed out equity shorts. The increase in skew suggests people are switching into hedging the downside via puts, instead of...
It’s hard to get a read on the markets in 2022. 0 Days to Expire contracts are all the new rage. SPY getting involved with new weekly expiring days on Tue and Thu to join in on the 0DTE action. So that leaves us between VixEx and OpEx. OpEx is the poster child for 2020-2021 bull markets “sell the rip, buy the dip”. It’s because Options expiration week will...
💡 SPX 0dte Trading - Oct 26’22 3770/3775 3890/3895 Iron Condor Credit: $85 The 1H has remained in overbought territory since last Friday and is overdue for pause/pullback. $3,900 remains the key level on the upside and is considered our best case scenario this week. On the downside, $3,800 is now strong support. There is positive drift if SPX remains above the...
💡 SPX 0dte Trading - Oct 10’22 3575/3580 3680/3685 Iron Condor Premium collected: $95 per contract A key level on the downside remains $3,600 and $3,700 on the upside. We don't see a reason for participants to get overly convicted one way or the other or sell volatility until there is more clarity on inflation and ultimately the forward path of monetary policy....
💡 SPX 0dte Trading - Oct 3’22 3690 10 Wide Butterfly Debit: $30 Max Profit: $970 Risk/Reward: 1:31 Exact same setup as our Wednesday play last week which led to a pin and of course huge profits. (linked below) As per our morning note: "We think upside risk is elevated as indicators suggest that this market is now deeply oversold on a short term basis. In...
💡 SPX 0dte Trading - Sept 28’22 3720 10 Wide Butterfly Debit: $30 Max Profit: $970 Risk/Reward: 1:31 We think upside risk is elevated as indicators suggest that this market is now deeply oversold. In addition markets remain put heavy with VIX elevated and should this bearish trade start to unwind or participants reach for calls, dealers will be chasing deltas...
Another quiet session... the calm before tomorrow's CPI release. We had two ideas on how to play today's market, both expressed on this chart. 💡 July 12’22 3820/3825/3885/3890 Iron Condor $80 Premium Received (per contract) 12:21 PM Time of Entry or 💡 July 12'22 3845/3860/3875 Butterfly 1 by 2 by 1 Risk is to the downside.
SPX 0dte Income Trading - June 8’22 4105/4100 Bull Put Spread 💡 June 8’22 4105/4100 Bull Put Spread $80 Premium Received (per contract) 85% Probability of Profit (at entry) 9:47 AM Time of Entry 4150/4160 has been a real chop zone lately and the market eventually resolves lower and this could be the case again today however, the fact that we’ve held the...
SPX 0dte Income Trading - June 3’22 4160/4165 Bear Call Spread I’m posting this trade idea late therefore it may not be actionable anymore, however, this was our trade from this morning, 💡 June 3’22 4160/4165 Bear Call Spread $95 Premium Received (per contract) 85% Probability of Profit (at entry) 9:55 AM Time of Entry SPX gapped down as yields spiked after a...
SPX 0dte Income Trading - May 31’22 4175/4180 Bear Call Spread SPX opened in overbought territory on multiple timeframes, 5M, 15M and most significantly the 1H as price found resistance at the upper band of the rising channel on Friday. Last week's rally did not appear to be supported by material call buying which makes rallies subject to quick reversals....