Physik

Physik Updated 

Description: Initiated this neutral strategy prior to some major moves yesterday. Going back, I shouldn't have done this trade (i.e., credit was way too small for the amount of risk I was taking on). Justification: - Directional Play: No. This strategy adds balance to my vega numbers. - Technical: Short-term zone of congestion. - Fundamental: Earnings continue...

Physik Updated 

Description: Initiated this neutral strategy prior to some major moves yesterday. Did I know that was going to happen? No, but it definitely got me out of the trade faster. Justification: - Directional Play: No. This strategy adds balance to my vega numbers. - Technical: Short-term zone of congestion. - Fundamental: Earnings continue to improve; Fed really...

Physik Updated 

Description: Initiated this neutral strategy prior to some major moves yesterday. Did I know that was going to happen? No, but it definitely got me out of the trade faster. Justification: - Directional Play: No. This strategy adds balance to my vega numbers. - Technical: Short-term zone of congestion. - Fundamental: Earnings continue to improve; Fed really...

Physik Updated 

Justification: Sold into weakness prior to market close. - Directional Play: Yes. Adding long delta into a strong close prior to this extended weekend. - Technical: Below 20 and 50 MA. - Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ;...

Physik

Description: Things I'm thinking about tonight. Points of Interest: Poor low, overnight action, untested POCs. Technical: Poor structure (untested POCs) beneath Tuesday's overnight. We had a week of balancing and Tuesday left us with a poor low. Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing...

Physik Updated 

Justification: Capitalizing on low IV environment with this non-directional strategy. - Directional Play: No. - Technical: Above 20 and 50 MA. - Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ; virus data (if correct) shows the growth in...

Physik

Justification: This comes alongside an /ES spread I sold a few minutes earlier in another account. Intention was to sell into pre-market close weakness. - Directional Play: Yes. Adding long delta into a strong close prior to this extended weekend. - Technical: Below 20 and 50 MA. - Fundamental: Earnings continue to improve; Fed really supportive; jobs data...

Physik Updated 

Notes: -High IV -Market pulling back -Look to manage at 50%

Physik Updated 

Description: Selling into some weakness on the RUT. Justification: - Directional Play? No, neutralizing delta's on existing RUT positions. - Technical: Below the 20 and 50-day moving averages. - Fundamental: Bullish long-term. If/Then: - Take profit? @50% - Where will you hedge? $1725 Strategy Details - Short and Long legs: $1615, $1600 - Short Delta:...

Physik Updated 

Justification: Sold into weakness prior to market open. - Directional Play: Yes. Portfolio was getting a bit too short; I needed some long delta. - Technical: Below 20 and 50 MA. - Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ; virus...

Physik

Description: Things I'm thinking about tonight. Points of Interest: Yesterday's value area. Technical: Poor structure (untested POCs) beneath Monday's overnight. Multiple tests of the $3340 level followed by a break to the upside. Now we are gapping substantially and market may be ahead of itself. Could we see a quick move down (to yesterday's value area...

Physik Updated 

Description: Some things I'm thinking about tonight. Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.

Physik Updated 

Notes: - Point of Control (POC): Price at which there was the highest traded volume. - Generally -- as I have learned -- this the area at which it's fairest to do business (i.e., area of value). - Analogy -- Building a brick house.To have a strong foundation, you lay brick, lay mortar, lay another brick. When you lay bricks on top of each-other, without mortar,...

Physik

Description: Things I'm thinking about tonight. Points of Interest: $3340 Technical: Poor structure (untested POCs) beneath Sunday's open. Multiple tests of the $3340 level with breaks potentially shaking off sellers. Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants...

Physik Updated 

Description: Justification: - Directional Play: No, adds long delta to portfolio. - Technical: Less than 20, 50 Moving Averages, VIX @ 16 - Fundamental: Long-term bullish; using every dip to neutralize delta's in portfolio. If/Then: - Take profit: @ 50% Max Profit - Where will you hedge: $3050 Strategy Details - Short and Long legs? $3040, $3000 - Short Leg...