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0dteoptions

QQQ Daily 0dte Play 12/07/23Good Morning, Here is my plan for December 7th for 0dte on the QQQ symbol. I have outlined some personal levels of support and resistance on chart including yellow horizontals to provide better visual of entry and exists. We want to hit the long when the price breaks or dives below 385.26 We want to go short when price breaks or shoots above 387.70 As of the moment in writing this post, the price is at 386.30 As a rule of thumb, we want to procure 3 strikes away from ITM. For longs we want to buy the 388 when it dives down, for shorts we want to go 384 when it ascends higher. Soft profit target 30% but depending on volatility for the day , you may be able to ride it out. With yesterdays spike pre market we procured the 386 PUTs for about 8c which later sold for around 30c a piece. If the market opens significantly higher / lower, the middle points of the boxes are adjusted targets for longs/shorts. Happy Trading !
NASDAQ:QQQ
by twocowz
Spy options trader DAILY 0dte etc. Not to say it won't go higher this week depending upon what happens with earnings from major movers but also what J Powell has to say. However also do not forget while everyone with larger accounts on X may be telling you we now bounce back to much higher levels before they even begin to watch for rejection. Some of those same accounts that said support was at $412 to $415 when I said you'd be seeing $400-$410 before a bounce. Well larger accounts now eyeing. $425-$430. I'm still saying watch for rejection issues at the $417 and $420. IMO that $417 level has more confluence and possibilities for overhead R then most are giving it credit for. Even if we break back through it later, I'll be watching for at least one decent rejection and shorting from it was my plan. Even if my Puts bought at closing don't pay tomorrow, we did great with the Friday puts from R given that morning at premarket as well as playing it basically the same way this morning. 0Dte puts and 31st puts were up 55-110% within the 1st 2 hours of trading. Most were closed WAY into profits within the 1st hour or LESS of trading. Now we see what the MM do over night and if they can keep pushing it UP. On the #spx CBOE:SPX I'll be watching for R at the 4180-4190 level. My puts will begin there for at least a daily pullback to make $ in that hour. I think puts from $4187 look sweet for a daily play. If I'm wrong you'll clearly have your receipts, lol
AMEX:SPY
by rarebreed29
TLT Short term Treasuries Bullish LONGTLT as shown on a 30 minute chart shows TLT in a narrow range last week and then a pivot down to begin this week followed by a downtrend and a small correction until then the fed news of the rate hike came out. Today the general market dropped after some federal financial data came out and a treasury auction was a dud bond auction with little transactions occurring confounded by Bank of Japan actions inconsistent with the path of the US Fed. The mass index indicator has signaled a reversal as the signal rose above the reversal zone and then dropped below the zone thus triggering. The Relative Trend Index documents the end of the red downtrend with the signal line nearly returning above zero. Overall, I think TLT traders overreacted to the federal news and the catalyst from Japan. I believe this to be a good point to enter long using the pivot low as the stop loss. Targets are 100.5 just below the mean anchored VWAP and 101.5 just below POCl line volume area of the intermediate term volume profile. This offers modest potential profile for a relatively low risk. However, I intend to trade this intraday as a same day expiration (0DTE) option striking 101. I will set a set a stop-loss on the option of 15% while expecting potentially 50-200% ROI making for an acceptable ratio.
NASDAQ:TLTLong
by AwesomeAvani
SPX Low Risk/High - Oct 28’22 3885 20Wide Butterfly💡 SPX Beyond 0dte Trading - Oct 28’22 3885 20Wide Butterfly Debit: $85 Max Profit: $1,915 *Will be scaling into the position with multiple tranches. Hey everyone!, I have been trading alot of 0dte Butterfly Spreads with much success and given the attractive risk/reward profile I've been using this strategy for swing trade ideas primarily on SPX. The notes below are from our Beyond 0dte report. (graphs included in report) Comments from Fed Daily regarding a potential slowdown in rate hikes led to a strong rally on Friday and just may have shifted the short term sentiment going into the November FOMC meeting. Put interest was huge at recent market lows…. again. The crowd has already been offloading some of those puts as values quickly evaporate. Should this positioning continue to unwind, participants will be forced to cover their shorts or cover the possible upside risks via buying calls. If markets can sustain upside momentum, systematic flows may provide support for the next leg higher. CTA buy levels are around $3,800 and $3,900. VVIX, which measures volatility of volatility, has crashed while VIX remains stubbornly high despite the move higher in equities. Will VIX follow VVIX lower? The issue for implied volatility to come down sharply is that we have another 2 weeks until two strong volatility catalysts: FOMC (11/2) and elections (11/8). However, if traders start to sell short dated volatility (anything expiring before November) that should provide a tailwind for equities. S&P 500 Index seasonality is supportive for higher prices heading into the US midterm elections and Q4. 70% of S&P 500 companies have beaten revenue estimates to date for Q3. This is above the 5-year average of 69% and above the 10-year average of 62%. In S&P terms, this translates into 4.4% earnings beat and 0.9% revenue beat thus far. Both S&P 500 and Nasdaq are coming off their best week since June, and are entering the busiest week of the earnings season with 46% of the S&P 500’s market cap due to announce third-quarter results. Microsoft and Google report earnings on Tuesday (10/25) with Apple and Amazon reporting on Thursday (10/27). Due to the current positioning, we think the market will either drift lower or “crash” higher in the form of a short cover rally. Our base case is for a relief rally into November, all else equal. However, if big tech earnings disappoint that may negate our thesis. Happy Trading! 0DTE TRADERS ✅ Trade Ideas & Alerts ✅ Market Analysis ✅ Education
SP:SPXLong
by 0dteTraders
SPX 0dte Trading - Oct 26’22 3770/3775 3890/3895 Iron Condor💡 SPX 0dte Trading - Oct 26’22 3770/3775 3890/3895 Iron Condor Credit: $85 The 1H has remained in overbought territory since last Friday and is overdue for pause/pullback. $3,900 remains the key level on the upside and is considered our best case scenario this week. On the downside, $3,800 is now strong support. There is positive drift if SPX remains above the gamma flip line of $3,770 as dealer and systematic flows are supportive for price which adds liquidity and should reduce realized volatility. DXY/UST yields continue their slide, however, as the US10Y yield tags 4% we could see a rebound attempt. The inverse correlation between equities and yields/DXY continues to hold true. MSFT, GOOGL both down 7+% this morning. The combined weight of the two companies amounts to more than 14% of the Nasdaq 100. With growth underperforming this will likely cap the upside today. From an internals perspective, ADD is in positive territory, volatility is getting sold and the further reduction in the PCC signals positive delta flows still the primary trade as it has been the past three trading sessions. Overall many mixed signals. If needed will make adjustments defensive or offensive and as always will leg out of the IC using our momo process. 0DTE TRADERS ✅ Trade Ideas & Alerts ✅ Market Analysis ✅ Education
TVC:SPX
by 0dteTraders
3
💡 SPX 0dte Trading - Oct 10’22 3575/3580 3680/3685 Iron Condor💡 SPX 0dte Trading - Oct 10’22 3575/3580 3680/3685 Iron Condor Premium collected: $95 per contract A key level on the downside remains $3,600 and $3,700 on the upside. We don't see a reason for participants to get overly convicted one way or the other or sell volatility until there is more clarity on inflation and ultimately the forward path of monetary policy. Wednesday CPI will likely spark the next directional move. We are seeing some put demand this morning, bidding volatility and forcing dealers to sell deltas - all which exerts downward pressure on price. With that being said, markets internals have a bearish tilt with the DXY moving higher. SPX, DXY inverse correlation continues to hold. If required; I will make adjustments, likely turning the threatened side into a butterfly spread. 0DTE TRADERS ✅ Trade Ideas & Alerts ✅ Market Analysis ✅ Education
TVC:SPX
by 0dteTraders