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I put in a new Barchart color-coded Awesome Oscillator at 50,20,1. The red bars represent bear calls and the green bars represent bull puts. If a suggested trade doesn’t make sense to you, just find a different trade that does make sense to you.

I put the Linear Regression Channels back in. Often a little more than one standard deviation OTM is enough, especially if you use very-low-alpha stocks.

If the 5,34,34 says to, open a bull put spread if profitable below the most reasonable Band or MA and if the 34,5,34 says to, open a bear call spread if profitable above the most reasonable Band or MA. Sometimes you just have to take a loss due to trend fading or a black swan event.

It turned out my SPY naked puts would have expired OTM, but credit spreads seem safer than the wheel in these extreme conditions if you don't get whipsawed into assignment. The 600-day Linear Regression Channels have tended to hold their own so far, so I put them back on the chart. I figure I...

You escaped destruction and you want more risk?

The 34,5,34 MACD above the chart represents bear calls. The 5,34,34 MACD below the chart represents bull puts. The 7-day Average Directional Indicator gives a rough idea whether to be bear or bull.

The media and government and society has painted the coronavirus so bad it's hard to see any upside for two weeks at least.

The bull put spread run is dying. Open a bear call spread above 70.65 if you can. The bear call spread run is dying. Open a bull put spread below 33.53 if you can. The bull put spread run is dying. Open a bear call spread above 50.10 if you can. The bear call spread run is dying. Open a...

I got a little overinvested in naked puts, might have turned out okay but the outlook is very bearish. I bailed on the wheel strategy and started trading credit spreads like David Jaffee.

I hope you have success (because that means I'll have success too).

I have adopted the Wheel strategy and it seems like SPY is excellent for a beginner. Expires more than once a week. Can sell far OTM puts with little chance of getting assigned shares.

Yep, if I had known how simple and easy it is to make money selling naked puts before. Thank you, PoopyDeek!

You might want to watch David Jaffee's review of her.

Barchart has updated their interactive charts. They load faster. Barchart hasn't got the "CLONE STUDY" feature updated yet, though. PoopyDeek says naked puts and covered calls are synthetically the same thing. I think it's debatable that they are literally always the same thing, but it does...

Yeah, airlines are some of the choppiest there is. They'd better pay off good.

I suppose I could try a FOTM naked put like John Greathouse. If I get stuck with stock I can put it on the wheel. But I did make money on DITM covered calls.

Selling FOTM puts, selling DITM calls, either way you can make money or get stuck in a bear surge.

https://www.theoptionsguide.com/in-the-money-covered-calls.aspx

Time Premium = (Strike + Call Bid - Stock Last Price) Calculate Net Debit: (Stock Last Price - Call Bid) Potential Return = Time Premium / Net Debit Do we agree on that?

Hmm. I wonder what happened to PoopyDeek and his conversations with me.