Slightly Bearish this week. Monday-Tuesday looking to SELL Calls and BUY Puts if price targets green triangle. If price breaks out above channel, I will BUY Calls. If price breaks below the bearish channel, I will adjust Put BUYING in deeper out-of-the-money puts.
A few conditions or options to trigger a Call play or Put play with a longer trending Call play. Out-of-the-money Options .01 to .04 per contract, 900 to 280 contract options (100 shares per contract); .05 to .12, 250 to 100 contract options .12 to .25 100 to 50 contract options.
Some rules: Do not hold contracts when nearing in-the-money. Rollover Calls and or Puts if pattern breaks or breaks down. If buying or selling options after mid-day trade on expiration day, execute trades within .50 of price target and bump up/down .50 if S&P is on a run or breaks given the adequate time (more than 40 mins. until expiration unless rare case extreme high implied volatility- i.e. 08-09 crash/flash crash/US downgrade).
If all else stop trading to rest and rethink strategy. *These are high risk trades. Only risk very little and reap big rewards if correct.
A few conditions or options to trigger a Call play or Put play with a longer trending Call play. Out-of-the-money Options .01 to .04 per contract, 900 to 280 contract options (100 shares per contract); .05 to .12, 250 to 100 contract options .12 to .25 100 to 50 contract options.
Some rules: Do not hold contracts when nearing in-the-money. Rollover Calls and or Puts if pattern breaks or breaks down. If buying or selling options after mid-day trade on expiration day, execute trades within .50 of price target and bump up/down .50 if S&P is on a run or breaks given the adequate time (more than 40 mins. until expiration unless rare case extreme high implied volatility- i.e. 08-09 crash/flash crash/US downgrade).
If all else stop trading to rest and rethink strategy. *These are high risk trades. Only risk very little and reap big rewards if correct.