IWM 195/190 Put Credit SpreadSimple trade idea here. 1 month out, >10% RoM (Return on Margin) This one was filled at 0.55 credit, allowing for commissions on the way out to be covered and keep the 10% return.
I did not love that this was moving downwards still, but we are near the bottom of the range and this trade gives us 8% or so of room. Management rules will still apply. close at 50% profit, or -200% of credit received.
Options
$SPY, trading it 1/24over 448.5 451.5-453 possible
under 436 431.5-433 possible
#intradayoptionstrading #stockmarket
NO bias, plan for red or green day. chop/ranging = hand sitting
powell speaks, ERs & current Ukraine/Russia crisis: keep note of & watch, could impact market & sentiment, NEED TO KNOW this
How to crawl history price or options from TD Ameritrade API?I crawl options data from Yahoo Finance but actually, Yahoo returned fake data if I send a thousand requests.
I research and use TD Ameritrade API to get options, both github.com and github.com is a good rating. However, every time I send a request a new token is generated then the TD Ameritrade API team noticed me. I like tdameritrade package than td-ameritrade-python-api because of the handled tokens.
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Major changes in the v0.1.0 update to the way tokens are handled.
You will still need the original authentication instructions, but the TDClient now takes the refresh token and client id, not the access token. A new session class handles token expiration and will automatically call a new token as needed.
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And I used Redis to keep tokens in 30 minutes, then my project works smoothly.
You have a job similar please reference github.com you can download source code and use (the package I am testing)
I hope this source saves your time.
KSS LongDespite the recent pullback in the US stock market, I remain bullish on KSS. As shown in my analysis, there is a pretty clear bull flag patter formed in Kohl's price movement. The last KSS bull run yielded 250% return so there is significant upside should a breakout occur.
Not finacial advise, simply speculation (:
Good luck!
The best tool to follow optionsYahoo Finance is the best tool.
I like to trade options but I haven't found the best tool yet. I often follow Yahoo Options, I think this is the best tool and it is free.
Although it is delayed 15 minutes as real-time price, I can get all contracts of many expirations and based on changing price.
Steps to follow:
Search a ticker and go to the Options section
There are 2 viewing types: List and Straddle. I often look at on Straddle section to compare between CALL and PUT.
In the expiration select box, I often visible the second or third week from current, it is less losing (this is my expiriense)
Key to focus: change and open interest, it is important to trade options
However, Yahoo Options don't support comparing change along days (I will note next article)
Summary, Yahoo Options is the best free tool to follow trading options.
Avoid the TSLA excitement. Use caution, learn from price action.The story:
* TSLA started 2021 mostly rangebound between 830-880 and then continued lower for the first half of the year.
* On 24 Jun price went over the green resistance line and started moving up in a channel (yellow lines). It gained momentum, rising over the channel and holding it as support.
* In October, price made a parabolic rise up and has been much more volatile since.
*** When you follow a stock with trendlines, support and resistance notes on chart, you can plan for good trades. Study this TSLA chart and then try your own analyses. Have a basket of stocks that you watch regularly for trading opportunities, and your chart notes will help you identify good setups.
Trading lessons:
* Upper blue line - price filled the gap and exactly touched 1208 before selling ensued. When small fish "bought the news" on 4 Jan, big fish set the sell trade to start at 1208.
* Stock/calls bought on/before 4 Jan should have been sold around 1200.
* Puts bought near 1200 should have been sold (at least partially) when Gap 1 filled.
* Twice you can see price moved from 1170 to 1020-1010 (white circles). Today the green bar held as a bounce zone. Price came down to 1020 again and made a fast 30pt move up. This was a day trade on a 5m chart.
* If Gap 2 fills before earnings, existing price action shows a great entry would be near the top of Gap 1 around 1120. If selling pressure stays high then price may not get over 1080.
*** When trading volatile stocks as this, use little capital, know that computers/algos will move the price, and be aware of bull/bear traps (use partial exits and multiple stop losses)
Options lessons:
* Options have been extremely expensive since October and there is no need to risk capital to chase price moves or "just for the thrill."
* It is prudent with small accounts to buy only 1 option if you desire a trade and be comfortable to hold it. You can take a big percent loss because your real capital loss is small.
* If you buy a weekly option as VIX and IV rise then keep it a day trade. Otherwise your option price can tank as VIX and IV reduce, in addition to normal theta and delta loss.
* If IV and VIX rise are helping your options profit, keep the benefit with at least a partial exit, even if your price target has not been reached.
*** With a good plan and low capital risk, you can hold through wild price swings as long as your trade idea stays intact.
Options trade example (for education):
* I bought one 21Jan 890 put during the last week of December for $8.40. I rarely swing trade on TSLA, but I saw strong indications that price would drop further. Feb monthly expiry was too expensive for me so I bought Jan monthly, thinking price would drop before earnings.
* On Monday as stock soared up on vehicle delivery news, I held my option for 3 reasons: I had time until expiry, I was comfortable with only $840 in the trade, and I saw the 1208 gap as a magnet and also as a double top possibility.
* On 4 Jan this option was priced below $3. My real capital loss was small, though the option was down over 60%.
* On 5 Jan as stock sold off the option gained to over $5. If my trade idea was broken I would have taken this smaller loss. I held the put for further price decline.
* On 6 Jan as price fell again and VIX rose, I sold my option for $12, a 43% gain.
*** In this example, my target price for TSLA was initially 860-850, which would retest the recent low, maybe touch the upper yellow line, and be in the price zone support. Since I am uncertain of how price and IV may fluctuate over the next few days, I sold the option.
$SPY, trading it 1/20For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 460 (entry, long), it can see 462.5-464 (exit)
Break below 450 (entry, short), it can see 446-447.5 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
Nifty still in a downtrend butMy Analysis of Nifty
Looking at the Open interest data 18000 has a very strong resistance with very new call writers at 18000, 18050, 18100,18200, 18300 levels.
PCR is 0.5 suggesting that its oversold
Max Pain at 18000
Support shown at 17923(100 day moving average on hourly charts)
PCR and support suggest that the market might open in the green tomorrow, however, trend continues to be downtrend so data suggests it may remain remain flat tomorrow, upside seems very difficult.
Also, FII were net sellers with -2704.77 crores and DII were also net sellers: -195.07 which suggests weakness
Will be looking for opportunities to Sell calls on uptick. Short with caution
I do expect the closing to be around 17900-18050
Disclaimer: Please trade based on your own analysis and protect your capital
$QQQ, trading it 1/20 For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 375 (entry, long), it can see 378-380 (exit)
Break below 365 (entry, short), it can see 360-363 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
Nifty TodayThe market has come down to almost 450 points as FII has been selling for the last two days.
Is it possible to go further down from here !?
If goes,market will halt first. The market gave that signal at the end haf of tomorrow.
Many companies still have quarterly results, and the budget is coming.
Considering everything to draw this trend line today. Follow and trade ...
$COIN, trading it 1/20For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 228 (entry, long), it can see 233-237 (exit)
Break below 218 (entry, short), it can see 209-213 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
$ROKU, trading it 1/20For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 174 (entry, long), it can see 180-184 (exit)
Break below 162 (entry, short), it can see 152-156 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
$TSLA, trading it 1/20For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 1030 (entry, long), it can see 1055-1070 (exit)
Break below 985 (entry, short), it can see 945-960 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
$NVDA, trading it 1/20For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 260 (entry, long), it can see 266-269 (exit)
Break below 248 (entry, short), it can see 239-242 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.