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SPX at 3819
This is a standard 112 Bear Trap.
Buying to open 3700/3670 put debit spread and selling to open 2x 3140 put.
Total credit: 8.70
Risk Profile:
Order Ticket:
I’m going to move the short NP up to 3150
This will change the MID price for this trade to 8.80 credit
thanks for this
looks like I have a similar trade on in /ES: (2)3280, 3725, 3760 7DIT FEB 17
SPX at 3829
I’m going to rebalance my NET delta for this trade
Order Ticket:
SPX 3880
I’m going to recover 1/2 of what I spent on the hedge in the last adjustment
Order Ticket:
MCD at 264.37
This stock is setting up bearish right now. The 8EMA<21EMA, MACD bearish as well and TTM squeeze is about to fire. I'm looking for a move to 240 on the downside. A move above 275 will negate this set up.
Risk Profile:
Order Ticket:
SPX at 3824
This is a new weekly 112 Bear Trap:
Risk Profile:
Order Ticket:
MA at 348.11
This is a slightly bullish trade set up:
Risk Profile:
Order Ticket:
SPY at 382.44
This trade has a short 392 put that is going to expire tomorrow.
Instead of rolling an option that is ITM, we’re going to take this trade off for a nice gain and wait for another set up.
Risk Profile:
Order Ticket:
ALGN at 209.17
This is a slightly bullish trade set up, looking for a move towards 240-250
Risk Profile:
Order Ticket:
RUT is up 2.43% on the day. I’m adjusting this trade for a credit to bring deltas back to close to neutral.
Order:
HD at 315.42
This put butterfly is going to expire worthless
Break outs
In this example ES started building volume and accepting prices lower after moving lower in A period. B period then breaks the low of A period and volume starts picking up. If we have correlation with ADSPD also breaking out of range this is a good setup to go short out of the breakout with a good R:R given that we have a lower target (HVN, GAP, VPOC, Previous High/Low, etc.)
Reversals
In this example B period was inside A period and C period was attempting to break out to the upside. As soon as we see a lack of new buyers and C period coming back below the high of B period we can take a reversal short with a stop above C high targeting the VPOC resulting on a 1:4 R:R trade.
100% Overnight inventory reversals
100% short inventory simply means that all of the volume on the overnight session was traded below the previous (RTH) close.
In this setup we look for a counter auction towards previous day’s close at the open. Failure to move towards correcting inventory invalidates this setup.
