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RCL AT 86.39
I’m looking for a move towards 95
Chart:
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Order Ticket:
In this with you – Tony
SPX at 4520
I’m setting up a Bear Trap with 45 days until expiration. This is a bullish/neutral trade and we need the market to either go up, sideways or drift lower. We do not want a sharp move down in the next 4 weeks
I’m buying a 10pt wide put debit spread and I’m selling a 50pt wide put credit spread. I’m looking to collect 1.40-1.50 credit for this trade.
My stop is IF/WHEN SPX trades below 4050
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Order Ticket:
COIN at 208.39
I’m looking for a move towards 220-240
This is a bullish trade:
Buying 20MAY 220 Call
Selling 18MAR 230 CallThe risk in this trade is the debit paid.
Risk Profile:
Order Ticket:
RCL at 88.30
I’m going to sell a call with less time to expiration to turn this long call position into a Call Diagonal spread.
The premium from selling a call will go towards reducing overall risk in the trade. I put 9.10 into this trade and now I can reduce this amount by about 4.90
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Order Ticket:
SPX at 4334
This trade has 4 days until expiry and can be closed for 4.25 credit. It’s time to book it.
Closing Order Ticket:
NSC at 253
I’m looking for a move towards 240 level.
This is a slightly bearish trade set up, risking 3.30 to potentially make up to 11.70
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Risk: 3.30
Reward: 11.70
POP: 46%UPST at 153
I’m looking for a move towards 180
This is a bullish call butterfly with 44% prob of profit
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Order Ticket:
SPX at 4315
Buying 4150/4140 Put debit spread
Selling 3750/3700 Put credit spreadCredit: 2.00
Margin: 38.00
ROR: 5.26%
POP: 90%I will stop IF/WHEN SPX trades below 3750
SPX at 4242
I’m going to roll the short leg of the put credit spread down 20 points. This adjustment is going reduce risk on the downside but it’ll also add risk on the upside. The best case here is SPX is between 4050 and 4400 over the next 14 days.
Order Ticket:
Risk Profile:
Date: 3/9/2022
SPX at 4326
I’m setting up a slightly bullish broken wing put butterfly with 65 days until expiry.
The short strike of this butterfly is placed slightly OTM, around 40 delta.
For the wings, I’m going to use a 60pt wing on the downside and a 50pt wing on the upside.
This will eliminate any upside risk as long as the trade is entered for a CREDIT.
The risk in this trade is the difference between the widths of the wings (10 points X 100) or $1,000 minus any credit received for this trade.
This trade is going for around $110 credit and this would take MAX risk down from $1,000 to $890
I am going to look for a 10-15% ROR
On the downside, if SPX moves passed my lower long put, I will look to make an adjustment to keep my NET delta relatively flat.
Worst case, if this trade is down $150-$160 then I will cut the trade loose.
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SPX at 4361
I’m going to take this trade off here
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Order Ticket:
4.60 credit filled.
EOG at 122
Trade Setup: Order Ticket:
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