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Income Navigator LIVE: 8/23/2022
In this video I will walk through the entry process, using a template that sets up an order to close at 80% of max profit target
OIH at 250.61
The chart is suggesting we’re headed higher.
This is a 15pt wide call debit spread. I’m going to assume full risk and might stop out if the chart turns bearish.
We need 258 by OCT expiry for this trade to be profitable (at expiration).
Chart:
Risk Profile:
Order Ticket:
DPZ at 394.05
I’m going to make an adjustment:
Risk Profile:
Order Ticket:
SPX at 4173.77
I’m going to roll the wings closer to the body of this Bear Trap, collecting a credit.
This will eliminate upside risk and reduce risk on the downside at the expense of making the size of the Trap smaller.
Risk Profile:
Order Ticket:
XLP at 75.93
I’m going to Buy To Close the 16SEP 77 Call and Sell To Open the 30SEP 76 Call, collecting 0.70 credit. This is going to further reduce risk and give us max profit around 76.
Risk Profile:
Order Ticket:
ABT at 105.35
I’m going to take this trade off the board for a quick 25% gain
Risk Profile:
Order Ticket:
TTWO at 128.09
I’m going to roll the short 140 call down to 137 strike, collecting 0.48 credit.
This will make it a Call Calendar spread with 0.12 of risk in the trade.
Risk Profile:
Order Ticket:
IBB at 124.74
The market is picking up steam to the downside and I’m going to take this trade down for now
Risk Profile:
Order Ticket:
SPX at 4102
We’re picking up steam to the downside. I’m going to roll 4150 put down to 4140 for a debit. This will cut delta to neutral.
We’ll see what happens next week. Here’s the risk profile:
Order Ticket:
RUT down to 1900. I’m rolling down this butterfly.
SPX at 4053
I’m going to roll the short 4050 put down 5pt and make this Put Condor balanced.
This trade has only 9 days left and I am not looking to hold it past this week.
Risk Profile:
Order Ticket:
SPX at 4005
We’ve given this trade the chance and now gamma is going to start to pick up.
The path of least resistance is to close out this trade and move on.
Risk Profile:
Order Ticket:
SPX at 3983
This trade is expiring in 1 day and it is showing a slight profit.
While I dont know if it is or isnt going to hit the trap before tomorrow, I am leaning towards closing out this trade here.
Risk Profile:
Order Ticket:
1. On the 15min ES chart (left chart) the Squeeze was 9 bars long (remember 8 bars is the average Squeeze) so I figured a possible reversal was near.
2. The STOMO on the 15min chart was reversing off deeply oversold levels
3. The candlestick on the 15min was a pretty clear hammer
(So everything on 15 min chart lined up for a reversal – this was the signal)
4. On the 1min chart (right chart) Squeeze reversed momentum at 10:49am EST
5. On the 1min chart STOMO reversed from oversold at the same time and broke the -40 at 10:51am
6. On the 1min chart, got a Supertrend buy signal at 10:51
(This was the trigger)
Sold a 15wide put spread with the short at the 2SD. Target was 50% winner or 2X loser
Trade Details:
