Options Trading in Progress

STOCKS - MCD

2021-11-04T23:16:00.001+08:00

04 Nov 2021 - Buy at 2.50

12 Aug 2021 - closed at 0.04 at a loss because tmr it will expire.

11 Aug 2021 - i left 2 days to expiry but still losing- buy at 0.85 and trying to sell at 0.90.

7 Aug 2021 - Very hard to TP because mkt stay at Dz and 200ema and i still selling against these 2 !!! I left one week to expire.

STOCKS - MCD - SELLING

STOCKS - MSFT

2021-11-04T23:07:00.003+08:00

04 Nov 2021 - buy spread at 2.39

STOCKS - NVDA

2021-11-03T23:37:00.000+08:00

04 Nov 2021 - Buy again

24 Sep 2021 - I am bullish on NVDA - i sold credit puts using 35 DTE with only 1.75 dollars . This is my 2nd credit PUT for the week. Under testing

STOCKS - NET

2021-10-29T16:07:00.000+08:00

29 Oct 2021 - Buy again

15 Oct 2021 - Debit call spread at 2.30 n set to sell at 2.70

NEW Setting

WE 30 2021 - MONITOR

UPDATES - Options Strategy

2021-10-29T11:57:00.000+08:00

29 Oct 2021 - Use Weekly TF for normal stock, all

26 Sep 2021 - Weekly Down Bar as a weekly RP retrace entry. So that i have the time to make entry. The only issue is lesser trades. To speed up the learning curve, i am starting to trade stocks, because the system can apply to all stocks so long it is an up trend market.

18 Sep 2021 - Using Weekly Bar as a standard for entry

With the currently level i had, i don't think it is good to trade stocks at the moment. I should focus on Indexes or ETF or stable futures where trend are in general up side.

My strategy is firstly based on (1) What to do if the system failed me? How to exit? (2) After that then how to enter for profit.

Weekly Bar entry : (1) be alert when you see a down weekly bar, (2) once the mkt hit 50ema and shows a TTM blue bar make a entry. (3) If the market is not good to you then wait till you see TTM bar turned blue then enter another order using (3a) If possible sell one vertical spread with 10 DTE but closing within the week using 5 day period only. (4) 1st order if not good and quite high, try to break even but if the mkt is near to 50ema then it should be close together with the 2nd order. (4) 2nd order should close within the week

Avoid: (1) RP top entry (2) you have to see Pink bar and then blue bar (3) Mkt must near EMA during entry. (4) When Stoch cycle is floating. (5) If weekly is congested e.g. RUT n

Profit & Exit : try to profit within 5 days if not exit.

Note: Mkae sure that TTM bar is blue and stay on or above EMA for up trend entry.

Apply to SPY + SPX + QQQ + /ES + /NQ + IWM

Okay -

Difficult - XLV (mkt too weak)

09 Sep 2021 - Focus on SPY - using mkt momentum + TTM + Diagonal strategy.

As suggested by Candy, i am trying out Diagonal using buy with higher delta and sell with lower delta.

05 Sep 2021 - TTM n STOCH Entry System

1) No Entry when Bar is pink colour + Squeeze ( RED or YELLOW) + Mkt below 200ema.

2) Few possible entry depending on situation:

a) Squeeze - Blue b) RP Top resistance c) Bar is Blue d) TL X up

e) Stoch is near 20

Ideal Entry : When Bar is non solid blue + Stoch is 20 or not 80 + Squeeze is Blue + above EMA. - Remember that you want to ride on momentum of market.

Little Adjustment - When spread is 5 dollars, the mid range is 2.50.

If more than 2.50 dollars then stay at ATM if less than 2.50 then move up to ITM.

28 Aug 2021 - I switch to H1 and H4 for mkt analysis so that i could read the chart patterns and setup.

15 Aug 2021

Do not enter buy when both H4 and Daily TF RSI is overbought.

Options - 7 Aug 2021

Directional – Up Trend Entry updates .

Fast Trend – Higher speed – Use H4 RSI/STOCH with VWAR and EMA and TL support

Normal Trend – Moderate Speed – Use daily as above.

Ideally, enter while mkt is falling against you not up. Because the premium is cheap and easier to TP.

Any stocks below 100 not considered.

Stocks - BA

2021-10-28T23:38:00.006+08:00

28 Oct 2021 - Buying Puts as i see mkt is moving down . Buy debit at 2.84 , trying to sell at 3.43

STOCKS - GE - PMCC

2021-10-28T23:28:00.000+08:00

28 Oct 2021 - I closed this order completely, because the setup should be directional and mkt is messy.

26 Oct 2021 - This PMCC was suggested by Candy, my first sell profit is this coming Friday.

one month time frame -

Delta is 60 /30 and

Debit is 2.29 on a 4 dollars spread

STOCKS - UPST

2021-10-25T23:34:00.000+08:00

25 Oct 2021 - I debit call again

15 Oct 2021 - I small profit on UPST and debit call again on the same day

New Setting

24 Sep 2021 - I am bullish but today is Friday, so i am selling credit PUT at 2.45. This is a 35 DTE options.

28 Aug 2021 - Exit when mkt went up a bit but still a loss.

20 Aug 2021 - - Fall like mad at 1.35 only !!!!

18 Aug 2021 - Buy on Week 33 2021 - Wednesday at 2.10 and closing at 2.80 trying to earn 0.70 , by right the weekly ATR is 29.99, but taking the fact that i intend to close this Friday so i set lower profit target. The market price is 217.50 at the moment. if i am not wrong i need about 2 dollars move to achieve my profit target.

STOCKS - BAC

2021-10-20T23:51:00.001+08:00

20 Oct 2021 - This is my very first PMCC!!!!! Week 42 2021 - Wednesday

DTE 37 / 9 1.80 / 0.16 at price 48.5 / 46 delta 0.61 / 0.18

STOCKS - COIN

2021-10-20T22:33:00.002+08:00

20 Oct 2021 - First time debit Call Coin - @ 225 , trying to sell at 270 using 30DTE

SPX

2021-10-20T15:45:00.000+08:00

20 Oct 2021 - Continue with a few success scalping. I will not be updating chart anymore !!!!

29 Sep 2021 - Wednesday - my first index scalp on SPX. debit at 2.80 and intended to close by today on 3.80.

25 Sep 2021- WE 38 2021 - Update

I did not 0 DTE because i am up bias on Friday

16 Sep 2021- 0 DTE - SL !!!!

14 Sep 2021 - but i ended up TP at 2.35 when mkt is around 4452 but my spread is 65 / 60 !!!

13 Sep 2021 - Taking the situation where market is falling, i am selling it for a test. 4 DTE 1.90 n set close at 2.87.

03 Sep 2021 - 0 DTE on Week 34 2021 - Friday after NFP and next Monday is a holiday (labour day). The mkt gave me 1.40 but i oush up to 1.55 and got filled !!!!! Let's see how it goes.

Week 31 - Wednesday - TP on 1 DTE - down bias approach

Week 31- 2021 Tuesday

WE 30 2021

SPY

2021-10-13T15:23:00.000+08:00

13 Oct 2021 - Scalping trial - Profit - 1.18 n exit 1.47

06 Oct 2021 - My Diagonal Setup is a failure - i exit at 8 dollars only. 297 - 8 = USD 289 losses

24 Sep 2021 - Update on SPY market - my position is still losing

18 Sep 2021 - Lesson

Problem if you don't wait till H4 CFM to trade, and try to trade the lowest best price, you start to feel bad when mkt go down against you !!!

16 Sep 2021 - I have profit some on Wednesday night and now i am looking up for a buy again.

13 Sep 2021 - Since the mkt is falling for the time being i am doing a test to buy put vertical at 0.43 and intended to close at 0.81 using only 4 DTE.

09 Sep 2021 - Thursday 2021 - Debit SPY using diagonal - based on delta 0.49 vs 0.34 , the issue is spread is very high = 452.2 vs 457. Mkt break up when during open, both H1 and H4 TF TTM and Stoch is ready to buy.

28 Aug 2021- I exited on Thursday Week 34 2021 and later Friday mkt shoot up after Powell speaks. Profit just a little.

20 Aug 2021- Friday - I debit call vertical again.

13 Aug 2021 - Closed at 0.69 - earned quite little n run. I did this because i want to re-position my strategy next week. Trying to close those trades that are not performing.

10 Aug 2021 - Vertical Debit using H4 Stoch to set buy at 0.62 and set to close at 0.90

Oh i TP in an hour !!!!!!

SPY options WE30 2021

My orders

STOCKS - NFLX

2021-10-10T00:02:00.004+08:00

08 Oct 2021 - Mkt up trend so debit spread ATM - cannot filled so re-try and got in at 2.30

NDX

2021-10-08T23:35:00.000+08:00

08 Oct 2021 - SL again !!! Look like i have to stop this kind of neutral trade for the time being.

16 Sep 2021 - -0 DTE - SL

03 Sep 2021 - I have 2 0 DTE orders filled - SPX and NDX on Week 34 2021 - Friday. Spread is 5 dollars and giving me 2.25 profit n Risk loss of 277.50.

26 Aug 2021 - TP with 374 the next day :)However do remember that if loss it is double this amount.

25 Aug 2021 - O DTE - Wednesday - Week 34 2021

STOCKS - AXP

2021-10-08T15:55:00.000+08:00

04 Oct 2021 - Debit spread on AXP

01 Sep 2021- I closed at 1.32 credit. This is a loss trade again = 1.81 - 1.32 = 0.49 = 49 dollars. I closed it because it has beena few days and i target is not met. i am trying for a TLB up but then mkt according to Stch and TTM is a downside. My trading system is not consistent. I need to be firm and stick to one system first.

31 Aug 2021 - Update Chart - mkt still did not move, my loss is 50 dollars

28 Aug 2021 - New Strategy - Use H1 n H4 TF to analysis n trade - Trade placed on last Friday Week 34 2021

11 Aug 2021 - Close at 1.00 - Loss !!!

7 Aug 2021 - Over one week and still lossing, needs to evaluate this stocks to trade next time. Could it be my entry?

WE 30 2021 lossing

QQQ

2021-09-25T15:48:00.001+08:00

25 Sep 2021 - WE 38 2021 - update

Weekly and daily is up trend but H4 has a danger of TLB down in short term.

20 Sep 2021 - Mkt fall like mad !!!! I buy debit PUT Spread

16Sep 2021 - Looking up on QQQ, current price is 376 buy 378 / 380 - set to close at 1.61

15 Sep 2021 - I exited with a small loss because i have profit on selling SPY n SPX. I am turning the down mkt to up.

13 Sep 2021 - Apart from SPY n SPX i also sell QQQ but at 11 DTE at 0.38 and set close at 0.62

WE 30 2021

Study - Options

2021-09-24T21:14:00.004+08:00

25 Sep 2021 - 3rd Topics

Here's Why This Is the Best Indicator For Trading S&P 500

Trade Ideas

I posted my pre-open market comments in this sub today. You know from that post that I was looking to short a bounce. We got the move and the sell signal.

Two hours after the open I recorded a video with instructions on how to trade the remainder of the day.

Click this link to watch the video.

Here are the signals from 1OP. I told members NOT to trade the first buy. The second buy signal was at very least a scratch. The rest were incredible including the buy signal an hour before the close.

I won't share how it is calculated, but I do teach people how to trade it.

There are people who consistently make money day trading. You need a system.

25 Sep 2021- 2nd topics

How to Play the Current Market Drop

Lesson

Several times this year SPY has broken through the lower end of its' upward sloping channel. On 1/29, 3/4, 6/18, 7/19 the price fell below the SMA 50 on the daily chart, and closed below it.

Each time SPY bounced back the following day, reestablishing the 50 as a major line of support for the ETF. After the next day closed above support, the market continued on to establish a new ATH.

Will that happen on Monday? We will soon find out, but I certainly hope it doesn't.

If SPY continues to drop, it will be the first time this year that a break of major support had continuation. At that point, 436 and 431.78 become the next two targets for a major breach.

Either way - do not anticipate a move, wait for confirmation before acting on it. In other words, don't start buying calls or going long on /ES futures thinking you can predict a bottom. You can't. It will become clear when SPY has established support and it's ready to rebound.

Here's what you should be doing though - making your list of stocks that are gaining strength ahead of SPY. Stocks like UPST, ETSY, and DASH have all been pushing upwards during this market decline. The next list should be of stocks that that are currently holding major support areas (MSFT, FB, and AMZN for example) - these stocks have been dragged down by a bearish market trend, but also have been able to hold support (unlike AAPL which broke through).

When SPY finally does finds support, this is your opportunity for some high probability trades. An opportunity you do not want to waste by trying to get ahead of it.

This means that the first thing you will need to do is, be patient. This is much harder to do than it sounds of course. You'll see SPY bouncing back up and watching the stocks on your list bounce up with it. At this point you might think, "I am missing it, I need to get in now!". No you don't. Wait. Make sure the market isn't just chopping around, and then getting ready for another leg down. Much like it did from Monday - Thursday of last week.

When the market finally begins to reverse it will be clear - and it is at this point you want to start putting on Put Credit Spreads, Call Debit Spreads, Straight Calls, and Long Stock among those tickers you have been watching. For example - let's say the market continues to drop and heads down to 431 (SMA 100), where it stabilizes and then begins to bounce back upwards. At the same point you notice that AMZN is resting on it's SMA 100 around 3400. As the market starts to go back up, so will AMZN, most likely recapturing its SMA 50 (3450). You could do a Put Credit Spread of 3395/3390 for 3 weeks out and probably get a credit of roughly $1.50 for it, which is a 43% ROI. You'll have two major lines of support above your short strike, giving you a lot of cushion on this trade. You could also do a Call Debit Spread ATM of 3455/3460 for a debit under $2.50, as well. Your risk is defined by your debit, which is less than 50% of the distance in the strike prices.

Perhaps MSFT dropped down to $292, right on its SMA 50, and is also showing Relative Strength to SPY - if so you can do a one month out ITM calls with a delta of .7 or higher (probably a strike around $270).

Make sure you aren't too heavy into any single sector, and you have stocks like MCD and AMAT in your list as well.

What you want is to have several bullish plays ready to go across various sectors, and when you see SPY once again push upwards, you should be aggressively pulling the trigger on these trades. Again - not until you have confirmed that SPY has found support.

Drops like these provide the best buying opportunities but so often people are either unprepared for them or jump in too early. Last Thursday (9/16), I saw many traders assume that the drop was over given the previous pattern on SPY and as such they started executing a number of bullish swing trades, including Calls on SPY. Needless to say, on Friday their accounts took a serious hit. Why? Because SPY did not confirm a reversal, just consolidation.

There are several areas of horizontal support/resistance for SPY, downward sloping trendlines you can draw on the daily chart, and major SMA's to guide you - it should not be unclear to anyone when SPY reverses. On Thursday, the market breached none of these lines - so there was no reason to get bullish on it.

Obviously these drops provide excellent Day Trading opportunities - on Friday for example, ZM began to go up around noon (est) as SPY continued to chop around, indicating Relative Strength to the market. At 2pm (est), that strength is confirmed with SPY dropping and ZM holding its' bid. That ticker provided several excellent Day Trading entries and exits throughout the day. UPST and ETSY were similar. In fact, days that SPY is bearish give you the best insight into stocks that are strong against the market and ready to really go once that get a tailwind behind them.

Many short-term traders shy away from price action like this on SPY and that would be a mistake. Day Trade these drops with strong stocks, Swing Trade the reversal with high probability option plays.

*Obviously you can and should Day Trade the reversal as well, but that is just a matter of looking for RS/RW as SPY is rebounding.

**Also note that when I refer to Relative Strength I am not talking about RSI or Beta. There are several posts on RS/RW in r/RealDayTrading and in my post history if you are curious.

TL;DR - These market drops provide the best swing and day trading opportunities, don't let them pass you by.

25 Sep 2021 - Using SPY as a reference and compare with stock using 5m, they should be in line with each other. https://www.reddit.com/r/RealDayTrading/comments/or3o22/using_debit_spreads_a_profitable_day_trading/

Using Debit Spreads a profitable day trading Strategy

Many traders trade debit spreads but generally using expiration dates a few weeks or more in the future.

There is a very effective strategy for trading debit spreads using the current weeks expiration.

There are just a few criteria that need to be followed to make the debit spreads a profitable strategy for day trading.

For call debit spreads the stock selected must have relative strength versus the SPY on a 5 min basis (this is not RSI but a stock that outperforming the SPY index on a 5 min basis)

Stock should be bullish technically on the daily chart

Buy a call close to at the money or slightly in the money and sell a higher strike call and the spread MUST be purchased for less than 50% of the spread. IE a spread with a $5 spread should be bought for less than $2.50 per spread contract, the lower the better.

Immediately place a sell order for a profit of from 10% to 50% depending on the number of days to expiration. On monday and tuesday 10% to 20% is reasonable and scale the profit target up the closer to friday the trade is put on.

This strategy can be used on some stocks with fairly wide bid ask spreads (such as AMZN GOOGL TSLA etc)

Because of the structure of the spread the downside risk is mitigated by having a short call that will time decay faster than the long call thus a sideways move will reduce the premium on the short call faster than on the long call. Because of this it allows you to stay in the trade longer than if you were using straight calls.

You are capping your profits if the stock goes parabolic but this s more than offset by the % of times you will be profitable on marginal stock moves.

Put debit spreads work the same except for the stock setup has to be bearish

If you try this strategy use 1 or 2 contracts until you are comfortable with the strategy.

Remember, to be a successful and consistently profitable trader you need to have several strategies in your tool belt and must always be aware of the market movement at all times and use that as a guide as to when to enter any strategy you use.

08Sep2021 - Poor Man Covered Call

If you are long term bullish on a stock.

STOCKS - INMD

2021-09-24T00:46:00.004+08:00

23 Sep 2021 - First time to try stocks with no Weekly options. Debit at 2.00 and set to close at 2.70

Stocks - ZS

2021-09-23T22:56:00.005+08:00

23 Sep 2021 - ZS - Debit at 2.03 on a 5 dollars spread

STOCKS - Long Term * Testing *

2021-09-23T17:32:00.001+08:00

23 Sep 2021 - Update - See Below - MTCH n KLAC valid n good

22 Aug 2021 FUTU + AMGN + MTCH + BA + KLAC

First batch of test starting from Week 34 2021

FUTU

23 Sep 2021- Cannot X EMA - no deal - correct

AMGN

23 Sep 2021 - no deal as there is no daily ERC - correct

23 Sep 2021 - Daily mkt cannot X EMA - no deal - correct

MTCH

23 Sep 2021 - Xed EMA with ERC - nice

KLAC

23 Sep 2021 - ERC from EMA - Nice

MIStakes and IMPROVEment

2021-09-18T11:36:00.000+08:00

18 Sep 2021 - Problem if you try to catch the lowest best price. Mkt confirmation is very important for a steady trade performance.

RUT

2021-09-12T01:13:00.001+08:00

10 Sep 2021 - 0 DTE sell IC, at first the mkt was good to me but i did not set close order. After Friday the mkt dropped to 27 and i only got 54 dollars profit.

Entry Idea & Strategy for Stocks

2021-09-09T23:45:00.008+08:00

09 Sep 2021 - How to trade congestion BO

Based on ERC BO + retrace on 50ema with helps on TTM

Weekend Analysis

2021-09-05T23:24:00.000+08:00

WE35 2021

XLV

XLP

GiLD

STOCKS - GILD

2021-09-03T23:17:00.001+08:00

20 Sep 2021 - Some how SPY had a big Gap Down !!! I have no choice but exit at 0.19 - 0.73 -0.19 losses

03 Sep 2021 - Friday Week 34 2021 - Update Chart - I am still at loss.

31 Aug 2021 - Update Chart

28 Aug 2021 - Mkt not good to the situation - Wait till ERC break down H1 EMA, then Exit. If not, will hold till near expiry.

20 Aug 2021 - Volume over 1 millions - Buy at 73 cents with 2 dollars spread and trying to close at 1.25