$SPX - Chart Link - if SPY holds above
400.30 and breaks to upside they can run the highs at 408+ and then
I will monitor the 60 minute view attached here
Posted by DigiNomad on 1st of Feb 2023 at 03:39 pm
watcdy - yep, you're right. I was thinking Feb and typed March.
But now that you mention it, I love the idea of selling March
4375 here. That is above all reasonable targets for the next 45
days and would be easy to defend if it got challenged.
Posted by DigiNomad on 1st of Feb 2023 at 03:50 pm
Yes, spreads. I typically go for 100 points wide for around a
$1000 dollar credit. Typical return on capital is 10 to 14%
with a greater than 82% probability of profit. *Can
lose 10K if you're wrong and don't defend the position (roll). I
defend when touched or a 200% loss, whichever happens
first.
SPX 60
Posted by steve on 1st of Feb 2023 at 02:29 pm
$SPX - Chart Link - if SPY holds above 400.30 and breaks to upside they can run the highs at 408+ and then I will monitor the 60 minute view attached here
Bought Puts at the top
Posted by retirefire on 1st of Feb 2023 at 03:14 pm
Bought Puts at the top lets see if it holds?
I'm hoping for another push
Posted by DigiNomad on 1st of Feb 2023 at 03:18 pm
I'm hoping for another push up into the close today. Hoping to sell March 4300 calls when they are around 16 delta
Digi- am I looking at
Posted by watcdy on 1st of Feb 2023 at 03:23 pm
Digi- am I looking at it correctly the watch 4300 Calls currently have Delta of 22
watcdy - yep, you're right.
Posted by DigiNomad on 1st of Feb 2023 at 03:39 pm
watcdy - yep, you're right. I was thinking Feb and typed March. But now that you mention it, I love the idea of selling March 4375 here. That is above all reasonable targets for the next 45 days and would be easy to defend if it got challenged.
You’re not considering naked calls
Posted by watcdy on 1st of Feb 2023 at 03:45 pm
You’re not considering naked calls - a spread right?
Yes, spreads. I typically go
Posted by DigiNomad on 1st of Feb 2023 at 03:50 pm
Yes, spreads. I typically go for 100 points wide for around a $1000 dollar credit. Typical return on capital is 10 to 14% with a greater than 82% probability of profit. *Can lose 10K if you're wrong and don't defend the position (roll). I defend when touched or a 200% loss, whichever happens first.
Yes sir - just followed
Posted by steve on 1st of Feb 2023 at 02:45 pm
Yes sir - just followed the plan. AAPL laggard on this move