Journaling here analysis via YT channel on the way.
OTM Butterfly for next week. illiquid stock, haven't traded in a while but feel very clear about the set-up. Daily squeeze, stacked EMAs on 1h and Daily.
journaling combo with sold put verticals
journaling looking for a pin
journaling sister trade with Butterfly attached
journaling here 2nd trade off the put credit
Putting on trade here for journalling purpose
Decided to sell at the low-end of the opening bar into earnings.
Strength into close on Salesforce led to taking this bullish position. The original strategy was to sell a put spread but the credit ran away from me so I paid for exposure on the call side.
NASDAQ:AAPL Looking for a move into $500 but not wanting to put on a pin (iron fly) just yet. Will consider it if we stall there.
Timing is everything in options trading, instead of forcing myself into a position prematurely, I decided to short the stock and wait patiently for momentum to offer an in and out play. NYSE:BABA
This play came together due to a trendline on the Daily charts.
Quick Fib lesson with 3 of the NZD pairs I track all doing the same thing with their price action. I'll be watching and waiting.
Seems to be running low on steam. I adjusted my profit target because of this with my Daily Fib as guidance.