Using my technical edge to trade options

[athlonmank8]

I recently came across a technical strategy that will probably put most systems to shame. I'll detail the results here.

I typically use it to scalp during the day but this will be primarily for swings.

HAL is set up for a bullish leg. Scooped up some Sept 20 $20 calls at .37. Looking to add if it closes green tomorrow on a gap up.

Non option related: AUD/USD looking to continue the next leg soon. Stop below .6845.

 

[wave]

What is your strategy if we trade lower? Buy more Sept 20 $20 calls at a lower cost?

 

[athlonmank8]

What is your strategy if we trade lower? Buy more Sept 20 $20 calls at a lower cost?

If it were red today and didnt gap I probably would have closed most of it out. If yesterday's low breaks thats another good indication for me to exit.

 

[athlonmank8]

Up almost 100% on the calls.
AUD/USD trending nicely.
These are usually 1-2 day scalp trades.

 

[athlonmank8]

HAL is set up for a bullish leg. Scooped up some Sept 20 $20 calls at .37. Looking to add if it closes green tomorrow on a gap up.

Closed out @ 1.60. 300+% gain. Certain factors obviously helped this trade.

 

[easymon1]

Closed out @ 1.60. 300+% gain.

nice job

 

[athlonmank8]

nice job

Thanks! I appreciate it.

Now time to scan for another. I'll post the levels Im watching if I come across anything decent.

 

[wrbtrader]

Up almost 100% on the calls.
AUD/USD trending nicely.
These are usually 1-2 day scalp trades.

anthlon,

If you hold the position overnight...why would you refer to it as a scalp trade ?

wrbtrader

 

[athlonmank8]

anthlon,

If you hold the position overnight...why would you refer to it as a scalp trade ?

wrbtrader

Whoops, sorry I mean to say swing.

 

[athlonmank8]

Scooped up a few FB 182.5 puts for .61. Daily close today will determine whether I hold this.