Real-time options education and strategies
I went on a small rant this week on my X timeline (@VegaOptions) about paid advisory services that don’t disclose their actual results. Many traders follow those services and think it’s their fault that they can’t make a profit when the system that they’re trading is flawed and nobody could make money trading it. If … Read more
Over the past couple years on this blog I’ve shown countless option strategies and chart setups with the goal of educating traders on ways to reduce risk in trading. Still, there are many, actually I’d say most, traders who are confused and suffering from information overload and I may be guilty of adding to that. … Read more
This will be a short post which I will revisit and add more content if/when I have time. The topic is the short Diagonal which is a Credit spread. Being a Credit spread means that the short leg is closer to ATM (at-the-money) and the long leg is further OTM (out-of-the-money). Credit spreads have a … Read more
Just a reminder that this, or any post on this blog, is based on trades that I have either placed or considered placing and should not be taken as a recommendation for anyone else to trade! Below is the Daily chart of RUT (Russell 2000 Index). Previously I viewed this chart as a very bearish … Read more
There’s quite a few people on Twitter (X) who are generous with their time and knowledge and Cem Karsan is certainly one of those people. The fact that his tweets (posts) are often cryptic and highlighted by emojis require readers to spend a little time understanding what he is actually saying. In the tweet below … Read more
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
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
I trade on the side. I learned to trade during a time in my life when I could devote my entire attention to it. Now, I have a demanding job with long and irregular hours and young kids at home. I have little time to ponder the market in the evenings and almost no time … 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