brophy, could you mention your trades from yesterday if you did
any after a reversal in the morning? I wanted to sell a credit
spread out of the money (0DTE or with Friday expiry) but did not
get to do that. I should have observed multiple bear flags as
continuation patterns, which were places to sell a credit spread
with a well defined risk.
I watch the SloSto 10,3 as my fav indicator, if stocks bounced
out of BB and back inside, so much better, also other indicators
that give O.B. signals we all on BPT know, neg D plus other
indicators on TOS that I have accumulated over the years. Place
Bear Call Spreads just above the highest day's high, with 5 strikes
between, 100 open interest at least, the more the merrier. Monitor
for continuation. If I expect a shorter-term drop (or rally) I will
place a closing order at 50-% of the premium. I monitor SloSto for
this. See CLX as an example. I like big names with a lot of O.I.
Hope that helps.
I know this is kind of corny but you're mentioning indicators
and various things you've acquired over the years. That's one
benefit of being at BPT as well, we share tips and tricks, and
indicator settings and other things we've learned
everyone here has their own 'traders toolbox' that is full of
various indicators and things they've learned over the years and
that fits their style - and hopefully put those tools or puzzle
pieces together to from part of their trading plan!
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brophy, could you mention your
Is anyone here trading put credit spreads instead of SPY ...
Posted by junkie on 19th of Jan 2023 at 09:53 am
brophy, could you mention your trades from yesterday if you did any after a reversal in the morning? I wanted to sell a credit spread out of the money (0DTE or with Friday expiry) but did not get to do that. I should have observed multiple bear flags as continuation patterns, which were places to sell a credit spread with a well defined risk.
I watch the SloSto 10,3
Posted by brophy on 19th of Jan 2023 at 10:18 am
I watch the SloSto 10,3 as my fav indicator, if stocks bounced out of BB and back inside, so much better, also other indicators that give O.B. signals we all on BPT know, neg D plus other indicators on TOS that I have accumulated over the years. Place Bear Call Spreads just above the highest day's high, with 5 strikes between, 100 open interest at least, the more the merrier. Monitor for continuation. If I expect a shorter-term drop (or rally) I will place a closing order at 50-% of the premium. I monitor SloSto for this. See CLX as an example. I like big names with a lot of O.I. Hope that helps.
I know this is kind
Posted by matt on 19th of Jan 2023 at 10:24 am
I know this is kind of corny but you're mentioning indicators and various things you've acquired over the years. That's one benefit of being at BPT as well, we share tips and tricks, and indicator settings and other things we've learned
everyone here has their own 'traders toolbox' that is full of various indicators and things they've learned over the years and that fits their style - and hopefully put those tools or puzzle pieces together to from part of their trading plan!