Thoughts on $SPY for 8.26.24We filled the bearish order block. AMEX:SPY looks like it wants to go down from here from filling the bearish order block on the hourly time frame.
Stockoptions
How to use EMA's and MA's to Find Entries and Exits!Video breakdown on how I use the EMA's and 9MA to find entries and exits. Figured its time for an update.
CHARTING REQUEST! Those of you who follow me, please feel free to submit a TICKER in the comments and Ill do a quick video on it!
$SPY DOUBLE BOTTOM OFF PREVIOUS RESISTANCE, WHATS NEXT?Breaking down $SPY and what 11/16 could look like. Tune in! If you like this content, hit subscribe or smash the like button. Any request can be left in the comments and ill get do my best to provide a solid breakdown. YES I KNOW I LOOK LIKE HARRY POTTER.
Today was the catalyst I have been waiting for on KNDI.Its been an EV week with $TSLA $NIO $LI and KNDI all making big movements respective to their stocks. KNDI fell with no news or earnings to send it in either direction with conviction. I would expect to see more news in the coming days and at least another day or two of run up before we see significant downside. I currently hold equity and option contracts going out till DEC and end of NOV. I would expect big things and would probably select a far otm contact for JAN or MARCH. I ll have a update tomorrow!! Happy trading! Check out my youtube channel for more!
Quick break down of $AAPLAll signs point red, but with aapl anything could happen. Its sitting on top of a major suppor now, and watching EOD movement leads me to believe the buyers want to keep it within range. We will see if they get their wishs.
QQQ - (Short Premium) Short straddle to profit from high IV $$$In this video I cover a short straddle trade in QQQ that has a slight bullish bias to profit from both a price pop as well as the high implied volatility in this underlying.
**Current Market Structure**
-Medium/Long term bullish trend
-Price is reaching some key support areas at 175, 171, 170
-Bearish weekly candle may see prices push lower but I expect buying pressure to quickly enter back into the market
**Trading Tips**
-Right now is a good opportunity to be selling premium as the implied volatility has spiked from the recent selloff
-IVR is much higher in QQQ than in SPY or DIA due to the tech heavy nature of the Nasdaq and the fact that much of the selling has been in tech
-I could see price dropping down to key supports but I expect strong buying to enter back in, so I selling premium with a bullish bias
-Breakevens are in good areas with the lower BE just below key support and the upper breakeven giving plenty of overhead room in case price starts running up quickly
**Trade Ideas**
-I sold 178 strike straddles w/ 53 DTE for $9.50 per contract($950 total profit)
-I am selling premium with a bullish bias to not only profit from the high IV but also to profit from a bullish directional move.
-My defensive strategy, in case either my put or call is breached, will be to roll the untested side and create an inverted strangle. If the price is tested on the put side I would likely sell new 16-30 delta naked puts to further profit from high IV and get more directional for a price pop.
GLD - Selling put options from key support levelsIn this video I discuss key support levels where selling short options for both premium as well as direction(if price bounces higher off of key support) can provide a highly probably and profitable trade setup. There is far more to options that I can fit in a 10 minute video but if you are unfamiliar with them I encourage you to research options. They can add variety to your trading portfolio, increase profitability, and reduce draw downs.
