QQQ Put Credit SpreadI believe tech will remain strong, and this trade also has a large margin of error.
Opened for a 0.40 Credit.
Looking at the chart, this trade lines up perfectly with a support zone, in addition QQQ is still trending upwards on a quarterly basis. This is a bit of a reversion trade in the sense that I am taking advantage of the pullback to collect adequate premium at a low delta short strike ( 0.14 or 1.4 STD).
This trade in combination with the XLE trade from yesterday has shifted my portfolio from Delta neutral to a small long market bias.
Options
$ROKU, trading it 1/13 For 1/13, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 183 (entry, long), it can see 190-194 (exit)
Break below 173 (entry, short), it can see 162-166 (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.
$FB, trading it 1/13For 1/13, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 338 (entry, long), it can see 342-344 (exit)
Break below 329 (entry, short), it can see 323-325 (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.
It looks like a D*ck and i might get fked...took a short position at the beginning of the week thinking that it all the news would be potentially bearish. but then the pattern did this. and silly me didnt get out until it was too late i really hope this doesn't go structure to structure. any thoughts would help. Apple also moves like the spy so. I'm scared nothing can stop spy or apple
$BABA high P/L debit spread +170% TP with options #baba #alibabaAlibaba suffered the past one year.
My last trade was an $BABA Iron Condor, closed in profit:
Now it's time to play for some bullish bounce.
Reasons:
* Bullish volume, +10% in one day.
* Oversold smooth RSI
* Reasonable setup before event
* Bullish action candle
Max profit: $1100
Probability for 50% of Profit: 50%
Profit Target relative to my Buying Power: 170%
Req. Buy Power: $396 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 45 (average implied volatility rank)
Expiry: 15 days
Buy 3 BABA Jan14' 130 Call
Sell 3 BABA Jan14' 135 Call
Summary, 3 debit call spreads for 1.32db each.
Stop/my risk management : Closing immediately if daily candle is closing BELOW the red line, max loss in my calculations in this case could be ~$250.
Take profit strategy: 65% of max.profit in this case with auto sell order at 3.75cr for each position OR reaching the profit target level ($135 price lvl) - whichever occurs first.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
$MRNA, trading it 1/12For 1/12, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 229 (entry, long), it can see 234-239 (exit)
Break below 220 (entry, short), it can see 209-214 (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.
$QQQ, trading it 1/12For 1/12, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 387.5 (entry, long), it can see 391-394 (exit)
Break below 380 (entry, short), it can see 374-376 (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.
$COIN, trading it 1/11For 1/11, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 228 (entry, long), it can see 235-238 (exit)
Break below 214 (entry, short), it can see 200-205 (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.
$QQQ, trading it 1/11For 1/11, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 382 (entry, long), it can see 385-386 (exit)
Break below 375 (entry, short), it can see 371-372 (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.
A Bearish Bet Against US Crude Oil PricesI will be buying some slightly ITM Calls here expiring in the middle of April in anticipation for US Oil to potentially go down by the end of the Quarter due to the Fed's monetary tightening.
The technicals look good for this Bearish ETF; Bullish Divergence visible on both the MACD and RSI and along with that we are at the PCZ of a Bullish ABCD.
IWM Put Credit Spread (see related) into a ICIWM continued to fall today, so I decided to look on the call side to turn this into an Iron Condor.
Why?
1. Condors do not increase margin over a spread
2. IWM has been range bound
3. Large cushion past 2 resistance points
4. Additional Credit recieved
Opened Feb 2nd 236/238 IC for a 0.22 cent credit.
$UPST, trading it 1/11For 1/11, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 116 (entry, long), it can see 123-126 (exit)
Break below 107 (entry, short), it can see 97-100 (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.
$COIN: Bearish ABCD BAMM Triggered From the looks of it Coinbase may be getting ready to make a reciprocal ABCD movement downward as it's threatening to break through the B level and beginning to enter a CD leg that would take us down to the 1.414 Fibonacci Extension.
In an effort to trade this movement I will be buying 7 of the (18 FEB 22 $200 PUTS) that are currently trading at a premium of $8.70 a piece.
SPY-day trade for 1/12/2002I have mentioned SPY trades. I don't analyze future ,I play accordingly. I can play both sides but just letting you know I see a lot of resistances on the the up side. If you are in a call exit where I have mentioned and If your a Bear tomorrow exit at PT 1. I am still bearish as a lot of resistances on upside and a lot of reward for bears. Do your DD.
"A quality of a day trader is to trade on both sides".