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Trade 9: Taking another downside shot. Some may consider it shorting into the hole, but it’s more of a risk to reward play for me. The downside implied volatility skew is extremely favorable on the Put side. I’m betting we will continue last weeks downward trend, paying $155 for a max win of...

Trade 8 expired worthless. -$162.08 loss Starting Balance: $1001.75 Current Balance: $1490.91 Cumulative PnL: $489.16 = Account up 48.83% I'm kicking myself this week. One of the cardinal rules that I always intend to follow with this trade is when choosing direction, I always follow the...

The SPX was right around 3330 when I placed trade 8

I look for these on a longer duration weekly chart. A big MACD convergence almost always occurs just before major correction. It's accuracy has been impressive in the past, with the most recent being just before the Oct-Nov '18 crash.

Negative. Trade 7 expires worthless. -$129.52 Loss. Starting Balance: $1001.75 Current Balance: $1,652.99 Cumulative PnL: $651.24 = Account up 65.01% Trade 008 tIP BOT +1 BUTTERFLY SPX 100 (Weeklys) 14 FEB 20 3300/3275/3250 PUT @1.60 CBOE Big uptrend this week, the market takes back all...

FXI is a heavily Chinese based ETF that has recently fell flat on its face. I recently took very mild bullish trades in the energy sector XLE as well oil XOP as they’ve both gotten creamed lately.

Liquidity in the NDX is horrific. I stick to the SPX and RUT for that exact reason. It’s all retail traders giving money to the market makers in the form of slippage. I always wished it was more liquid but sadly it’s not worth it to me. Just look at the bid ask spreads and pull up the options...

Can we get 4 winning SPX trades in a row? Gotta love the elevated vol, allowing me to place a 25 point wide put fly for 1.25. Taking another bearish shot next week. With todays down move, vols expanded quite a bit but we're still staying within the markets expected movement. This is an...

Here's the trade from start to finish to make things easier to understand with the condor. Pay attention at the "TO OPEN" and "TO CLOSE" so you can see how I've adjusted the legs of the butterfly. I started with the 3290/3265/3240, narrowed the fly 10 points with the condor so it left me with...

Trade 6 closed. It would have been a bit more profitable had I not made the adjustment. Also got a horrific fill on the closing fly. I wasn't watching the market at the time SPX hit my closing price target and my order triggered at 1.50. Had I been there to place the trade manually, I could have...

I saw this question over the weekend but I wanted to wait until today to answer because I figured I might be trading a condor today. I don't trade them as opening trades, rather an adjustment to an existing trade. I'm a bit mixed on the effectiveness of this trade as it seems like more often...

I would close the trade as a loss but at the same time I absolutely hate selling premium so I wouldn’t have placed the trade to begin with. My guess is you’re over allocated. So if you decide to leave it on you need to make sure you understand what’s at risk and analyze the situation your in...

TOS has definitely been having big issues lately. I’ve never seen orders take so long to go active. Canceling orders or cancel/replace take sometime 30 seconds+ before the order even cancels. My best guess is since commissions went to 0 they’ve had a massive amount of new users all connecting to...

SPX closing 3720 on Dec 31 2020

What amazes me is when WF was blowing up in the news for their sales practices, they barely even looked at the other big banks such as Chase and Bank of America. WF is only bank that got caught due to how easy and apparent their sales goals are to manipulate. Their employees weren't trying to...

Quick, call Jerome Powell, the market is down! Trade 6: tIP BOT +1 BUTTERFLY SPX 100 (Weeklys) 31 JAN 20 3290/3265/3240 PUT @1.75 CBOE Taking a bearish shot this week. The markets rallied 17% since October and is in a fragile place. In my humble opinion, the Coronavirus is the catalyst the...

None of the earnings trades I posted (trade 3, 4, and 5) really hit so I was just trying to scalp them for what they’re worth. My profit target on this type of trade is usually around 250-300%, sometimes more. I also allocate a lot less to this strategy than the SPX strategy in trades 1 and 2...

Nice call on this one! I typically like to trade earnings bets directionally. On TXN specifically, 4 out of the last 8 earnings announcements had bullish moves, 2 out of 8 had bearish moves, and 2 out of 8 were basically flat. Not a big sample size or anything but I'm okay with taking a bullish...

I’ve always looked at features over brands. If you or your kids are into PC gaming at all I’d go for a 27” 2560x1440 144hz. If you’re not a gamer, a 27” 1920x1080 60 htz will be a great choice under $200. I’ve got one of each for my setup.

I skipped the SPX trade this week and just before market close today I placed 3 earnings trades. Same mindset on these trades as the SPX trade previously, but these three are all around earnings. TXN reported today after the bell, PG and AAL report tomorrow morning. Trade 3: TXN had a nice...