136 replies to this topic

[dTraderB]

9 qqq calls
Leaving 1 NQ DAYTRADE SHORT as hedge 13091.5
Tempted to leave 2 NQ SHORT but maybe with larger CALL positiom

5 qqq CALLS
ALL OPTIONS except VXX will be MAY and later

Will add more CALLS with QQQ lower than 319

Edited by dTraderB, 02 March 2021 - 04:03 PM.

[12SPX]

Got my start of a short at 3895 and see the market dropped at the close so I will put a profit stop in overnight of 3890 and resells above that if hit. 

[12SPX]

Well that couldn't have worked out more perfectly.  Had my profit stop hit for a 5 point profit and then a resell done at 3895 as I said and now the markets down this morning.  Profit stop 3880 for the cash open! 

[12SPX]

Profit stop 3870, looks like the market didn't like the ADP report or more likely just an excuse, as I've been saying this market needs a decent correction or were gonna continue this sideways move for awhile!!  Then again does it matter, I like to go month to month with selling options and day trading minutes to hours lol! 

[dTraderB]

13 qqq calls
Will add more if qqq trades below 312

1 nq hedge short 13901.5

9 qqq calls
Leaving 1 NQ DAYTRADE SHORT as hedge 13091.5
Tempted to leave 2 NQ SHORT but maybe with larger CALL positiom

5 qqq CALLS
ALL OPTIONS except VXX will be MAY and later

Will add more CALLS with QQQ lower than 319

[dTraderB]

Good trading! That is also my trading phillsophy since 2008: just trade the market, preferably on a ST basis.

Profit stop 3870, looks like the market didn't like the ADP report or more likely just an excuse, as I've been saying this market needs a decent correction or were gonna continue this sideways move for awhile!!  Then again does it matter, I like to go month to month with selling options and day trading minutes to hours lol! 

[dTraderB]

Watch that 10yr yield rise towards 1.5%

1.5% is "alarmingly high" now!!!

[12SPX]

Thanks, profit stop 3860, will sell higher! 

[12SPX]

Out for a 35 point profit, hopefully won't regret that but I'm sure they'll push it at least a bit higher.

[dTraderB]

15 qqq calls
Last 2 not at my preferred levels but want to build qqq position a bit faster

13 qqq calls
Will add more if qqq trades below 312

1 nq hedge short 13091.5

9 qqq calls
Leaving 1 NQ DAYTRADE SHORT as hedge 13091.5
Tempted to leave 2 NQ SHORT but maybe with larger CALL positiom

5 qqq CALLS
ALL OPTIONS except VXX will be MAY and later

Will add more CALLS with QQQ lower than 319