ThetaTrades

ThetaTrades Updated 

149/152 call credit spread - Filled for 0.36 - >10% Return on Margin I believe that the 20 years will continue downwards with rate hikes. As such I have setup this call spread to take advantage of the downward move. This position was opened on Jan 11th but I just got around to posting. See blue vert line for entry date Candle. Additional premium was collected...

ThetaTrades Updated 

I 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...

ThetaTrades Updated 

IWM 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.

ThetaTrades Updated 

Opened for a 0.25 Credit XLE is making a strong move upwards, this filled on the afternoon pullback. If this pulls back in the next few days I will add the call side to turn this into a IC. This will provide me delta neutrality and allow me to play the range from 55-60.

ThetaTrades

IWM is one of my favourites due to its range in the last year. I have played this range many times with credit spreads and Condors. Trade setup: Simple Put Credit Spread here opened for a 0.205 credit. Goal with these trades is to be a minimum of 10% RoM and no longer than 30 days. Entry Criteria: 1. Red day, for increased premiums 2. Trading within a range...

ThetaTrades

Box shows the range I am trading. Looking for a 0.75 fill

ThetaTrades Updated 

Technical Confirmation: Strong reversal on X Daily chart provided technical confirmation that we are heading back up. Execution: 22/21 put spread for this weeks expiry. 10% RoR (return on Risk) Posted this after entering trade.

ThetaTrades

Not my usual trade but BMY does not have enough Vol for me to get decent premium selling a credit spread here. Technical Confirmation - Break below Broadening formation (or previous bars low) Execution: Short 50 shares - Stop at 66.20 - TP @ 63.31

ThetaTrades Updated 

Technical confirmation: Looking for a reversal on RAD at the support level here. Will not enter this trade until the reversal is confirmed with a break above the high of Fridays bar. Trade execution: Will look for a 15.50 CSP - Provides extra room for error

ThetaTrades

Teva has been trading within a range from March 1st low as you can see from the blue support line plotted. Looking for a reversal at this level be it a 2-2 or a 2-1-2. Technical Confirmation: Staying above the March 1st low - Looking for confirmation of the reversal once support level is reached. Trade Execution: 10 or 9.50 CSP. Provides additional room for...

ThetaTrades

Looking for retun in USDCAD. Will wait for a higher high and higher low green bar though to ensure last fridays green bar was not just a result of a short cover. GL everyone.

ThetaTrades

Pure Support and resisitance trade. I think we will see a bit of a pullback at market open at 5pm sunday. Buy in @84.800 , set stop right about 84 and take profit for 87.