AMC starting to meme again on court ruling.

Can you add OTCBB too?     

Hi Patellee,

Starting the morning I was watching the rising wedge for IWM on the 10 day/30 min chart.  When I noticed price poking above the top side of the wedge just above 197 I took a small position in  the 196 put.  I bought 9:25 a.m. CST and sold 10:01 a.m. CST.  I mainly watched the 5 min chart on the options itself but I switch back and forth to watch IWM itself for clues.  Now that the MACD was positive on the PUT itself I started to watch for oversold stochastics while the MACD was remaining positive.  Started buying more aggressive around 10:20 - 10:40 a.m. in the $0.17, $0.12, & $0.07 contract prices....sold it all just before 11:40 a.m. with the stochastics overbought and the 196 put briefly going in the money.

Crazy volatility in the 0DTE options so its not for the faint at heart.  Of course by end of day these traded worthless with IWM closing above 196.

I'm always taking very small position sizes on these because they can go to zero.  Matt outlined this type of set up many times and today it worked out.  It just felt like the market was a bit tired this morning and went with the puts.  Hope that helps.

Thanks,

Andy

MACD Kiss / Stoch oversold set up for the win

Thanks Matt/Steve for the trading education you provide.  I was able to scalp nice gains this morning on the 196 IWM Puts 0 DTE 7/19 using the MACD Kiss / Stoch oversold set up.

Thank you,

Andy

Added COIN short

IWM lagging today

SDGR - taking a little off the table

Lower volume but getting some after hours action.

EYPT 

Nice winner for those holding XMTR

SDGR - Coil / Ascending Triangle

https://schrts.co/EKwMkZQI

STS Tables - It would be cool if you opened up a list of new longs and you could click open all and in one click each chart would open up in a new tab in the browser.  For example you could open 10 tabs in one click and as you view the charts you just close the tab.     

Love what you're doing with these systems!  Thanks.

Andy

CCJ is your big player in the Uranium sector.  I like the URNM ETF too.  UUUU can get whippy but probably fine.  My favorite smaller name is EU (enCore Energy).  Many prefer the Sprott Physical Uranium Fund SRUUF.

CVNA strong

CVNA - I think it's setting up again.

Super strong name.  Continues to make new highs.

SOUN - Triangle on the daily

KRE coil on the 15 min chart

Banks destroyed afterhours.  PACW -50% KRE-5.66% to $36

NNOX - Received FDA approval +54%.  Might be an afternoon runner.  Possible 30 Min MACD Kiss setting up.