Real-time options education and strategies
A quick post regarding a TSLA trade I made this week. I was bearish the stock based on the chart so I made 3 separate trades initiating a new bearish position. The last 2 trades were more expensive than the prior one because I was cost averaging UP. I often use that strategy to increase … Read more
That did not go as expected! When I tweeted posted this on Thursday little did I know that this bearish engulfing candle was only just a stop run as opposed to the beginning of a pullback in SPX! It no doubt shook out many of the ‘late to the party’ traders who tried to jump … Read more
I use Fibonacci retracements & extensions (Fibs) extensively in my trading. Fibonacci sequence numbers (1,3,5,8,13,21,34,etc) have a fascinating relationship with growth rates in nature but that’s not why I rely on them for my trading. The fact is that many (if not most) trading algorithms are programmed to trade Fib levels as both retracements of … Read more
In this post I’m going to look ahead to the end of year rally that I’m expecting and what clues I’ll be looking at for an indication of whether that rally is the start of the next major move higher or just a retracement in an ongoing downtrend. But first I’m going to address the … Read more
This post is about establishing multiple positions in AAPL that are placed in different expiry’s to allow for the harvesting of profits throughout the year. Get it? Apple, harvest…hmmm…tough crowd. 😒 Okay, moving on. This was my tweet on July 22 mentioning the AAPL market profile chart. This post isn’t about market profile so I … Read more
In this post I’m going to demonstrate how and when I use Market Profile in my price analysis. It is far from from a comprehensive look so if you’re interested in learning much more about market profile I suggest looking at the works of Jim Dalton at Jim Dalton Trading and/or Peter Reznicek at Shadow … Read more
I couldn’t have said it any better than Josh did and I appreciate the fact that Chris added ‘applies to markets‘! After Friday’s rally lots of people on Twitter talking about new all-time highs for the markets. Someone even tweeted at me “Short $spy = financial suicide until it hits 600 on 1/1/25”. He could … Read more
I trade a lot of 3-day Calendars. When I say ‘a lot’, I mean a lot! And, no, 3-day doesn’t refer to the duration of the trade, it refers to the difference between the long and short options. Specifically, the short option expires on a Friday and the long option expires on the following Monday … Read more
This SPX chart reflects my current analysis of the daily time frame. The 8 SMA bands are still upsloping which represents a price uptrend although good location for a new long is currently down around 4050. That’s well below Friday’s closing price of 4105 but I’m not basing my current trade on the rising lower … Read more
Back in 2021 I wrote a post titled ‘The One at a Time Portfolio’. It refers to a strategy where, after a single trade is made, you do not add a new position to your portfolio until the first position is either exited or you’ve substantially reduced or eliminated the initial cost of that position. This strategy … Read more