This is a good iron condor candidate due to the range bound action 175/185 ish
check out resistance and current levels. Opened a CPS on 2/23/22 and from the look of things, the cps should pay fulltime. Had to give myself time on the clock due to current vol level and geopolitics and Powell of course. Please allow time for options based on current geo and FOMC hype
Prep for 8.11.2021 trading of SPX DTE0. As the low vol continues into end of the month FOMC Jackson Hole meeting. This DTE0 takes advantage of opening 09:30 a.m volatility and looking to close out at greater than 50% of max credit received from spx iron condor
SPX 18.6.2021 4165/4175P 4260/4270C mid 1.25ish
4120 is only a 1.9% drop from 4200. Whats a premium seller gotta do?
S1 3880/3870.50ish. Upside is looking harder despite stimmy check. Already have SPY July 400/410 DCS lined up in case we do breakthrough. Ideal environment for "Theta burn"
Sell naked puts on SLV
Levels for today. Watch breach of either side for control buyers/sellers
SPX trend still intact. However doji for WK 10/52. How does wk 11/52 open?
Need to retest the resistance, turned support to validate a higher PT >50
Enjoyed the movie "Soul" this Christmas, probably more direct to DIS+ movies going forward
This chart is a trader's dream setup. Credit put spreads, OTM debit call spreads and naked calls should be opportunities