Two F CSPs sold with 3-DTE and 2-DTE at $13.5, $13 respectively.
Premium == +23, +9
Total Premium == $32
DCA == $13.25
If price close Friday > 13.5, then % == 1.2%:
Else let CSPs excersize and convert to sell CC 1week, 1-week, 2-week, 3-weeks, 5weeks....
Opened a SPY Call Credit Spread on Monday 3/27 with anticipating SPY to dip below 397, possibly going below 396, the week of 3/31.
Will take profit at 35-50%, close or roll at minus 22-24%.
Always difficult to discern the FOMC announcements, but... I see the potential for a short Wed-Thursday this week below 397 on SPY.
Sold 2 call credit spreads at 397/400 & 397.5/400 respectfully at the end of day Tuesday for expiration 3/24. Will consider rolling this if price moves much high pre-Market/opening minutes Wed 3/22. Will also consider buying a...
QQQ moving down towards 296 on Thursday 3/16. Difficult to discern the long-term trend.
Following a nice concentration into the upper ends of the 15-min bollinger band from yesterday, and a pre-market downside of about -.33%, seeking another .33-.5% downside movement in the first 1-3 hours of the day on 3/16.
Selling 2 Call Cred Spreads at open for 298/300. Take...
I like to assess pre-market conditions for assessing potential volume and price gap filling for the day. With a series of conflicting financial and stock market news, including this morning national payroll updates, I would be expecting a brief respite in price action for SPY up towards 392.5-393.5, but I'll note I'm uncertain SPY will push up its recent gap...
PINS continuing its descending micro-pattern following Earnings (see PEAD Project) towards a low range of 22.87-23.86 prior to its next Earnings period.
Selling Call Credit Spreads following the brief push-up pre-market on 3/10/23 at 24.5/26 (deltas == -0.57 / 0.42).
Consider closing or rolling up/out if loss == 25% OR price exceeds 26
Take profit at 55-65%.
Short on AFRM on 2/28.
Sold Call Credit Spread $13.5/$14 with expiration 3/10.
Target 1: 13.31
Target 2: 12.88
Considering closing and/or rolling if price rises above $14 OR is loss 50% or greater.
Close for profit at 70-85% profit.
Not buying into the bullish past few days & believe SPY will go back down towards 400-402 by this Wednesday 03/08, which will coincide with the next Fed FOMC discussion points. Unsure about the move from here.
Opened a Call Credit Spread today (3/6) at 405/406 (expiration 3/7) and at 405/409 (expiration 3/10).
Short on SPY following pre-Market overnight gap upwards towards 399.02.
Continuation of moderate bearish trend with a realistic take profit(s): T1 - 398.22; T2 - 396.77; T3 - 396.6.
Put Options between open price (399.02) towards 399.45 with potential to average down cost (0-1 DTE); StopLoss set around 401.37 (consider adjusting StopLoss or Rolling as appropriate).
QQQ Price action has a prem-market increase overnight to 295.04. Expecting price to move on downside towards 291.75-294.25.
Setting StopLoss OR roll at 296.65.
Considering a Call Cred Spread 1-2 DTE at 294/296.
Considering a Put Option at market open (Tuesday 2/28) at price 294.75-295.25; would considering averaging down Put Option if price extends towards...
Continued downtrend on SPY to fill the next gap around 391.7-393 between 2/28-3/01.
Call Cred Spread opened (+100) for 395/397 expiring 3/01/23.
Close at +50-65% profit; close OR roll if SPY increases towards 398.
Continued downtrend via inflationary news.
Short on SPY Friday 2/24/2023:
- Continuing downward linear regression inline with regression mean (1-hr)
- Short term bear market continuation
- Bollinger Band upper-limit area reversion towards mean
**Seeking short profit targets at 397.7 & 396.75; possible new weekly low.
Nasdaq 100 ETF (QQQ): Long
i) Price action exhibiting a parabolic low near the 200-period (30min) Linear Regression Channel within a slightly positive 200-period linear regression.
ii) RSI and wave-trend oscillating suggesting possible long scenario
iii) Long target 1: 286.5 (linear regression channel mean)
iv) Long target 2: 289.5 (most recent intersection...
100-period linear channel touching high end (2-STD), bouncing off the 200-HMA. Looking for bearish retracement to 282-283.5 from pre-market of ~286.1 (-0.95-1.125%) for 11/24/2022.
StopLoss at 287.9.
Bought a put @ $284; sold Call CredSpread @ $283/$284.
1 - NVDA continues a downward trend on its 100-day and 200-day linear regression; currently priced ~9.5% above the 100day linear regression mean.
2 - The current price $141.5 (11/4) is at the July support level; this price level was tested in September.
3 - RSI indicator (1day) suggests an overbought signal; the overbought price has been above "80" for...
