Real-time options education and strategies
I’m going to show some posts from X describing the chart setup of Google that caused me to take a long Delta (bullish) position, how I traded that bullish bias and why I exited. Along the way I’ll be showing a option strategy that you’ve likely never seen before so read on! At the time … 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
(1) Been tweeting about GLD over the last few days. Wanted to show this hourly chart from this morning where GLD found support within $.01 of where it should have! Now that price level becomes the key support for a bullish continuation. In other words, if the buyer’s are in control then price should not … Read more
Lots of traders like to day trade. Some like to swing trade. Most don’t know how to decide between the two. So here’s a thought; how about I let the price of the underlying instrument determine that for me? How’s that work? Read on and you’ll find out! On that risk profile (above) of day … Read more
The first step in my process of initiating a new option position is identifying a promising chart setup. I’ll consider setups on various time frames anywhere from the 65-minute charts all the way up to the monthly charts. My typical trades originate from the daily and weekly charts but I’m always looking for the best … Read more