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CRM at 163.68
This trade has 3 days until expiration. I’m going to take this trade off here and look for another set up.
Risk Profile:
Order Ticket:
TTD at 52.79
We’re looking for a move towards 62-65 level.
This is a broken wing call butterfly with no risk to the upside. The risk in this trade is the debit paid to get into the trade.
Breakeven at expiration is 55 + debit paid. Current implied POP is around 31%
Risk Profile:
Order Ticket:
LOW at 216.07
We have 2 days until expiry and this stock is moving away from the profit tent. I’m going to take this trade off for a small loss.
Order Ticket:
SPX at 3969
I’m buying 3860/3830 put debit spread and I’m paying for it by selling 2x 3250 puts naked.
Net credit for this trade 10.40 per 1 lot. This is a 5 lot trade and it takes up around 86k initial margin.
I will hold this trade as close to expiration as possible.
My first adjustment is going to be IF/WHEN SPX goes 50 points inside my PDS (3780 level)
Risk Profile:
Order Ticket:
SPY at 396.30
I’m going to pick up a PUT out in Jan. This put is trading around 16.00
To partially finance the purchase of this put, I’m going to sell a 393 put in the 16DEC expiry. Selling a put in DEC will lower the cost by about 9.00
This is a hedge that gives me about -8.51 delta in SPY. Size this trade based on how much short delta you need for your directional exposure.
Risk Profile:
Order Ticket:
CAT at 227.87
We’re looking for a move towards 210. This is a Put Butterfly made of 230/210 put debit spread and a 210/200 put credit spread.
Max risk in this trade is the debit paid. Breakeven at expiration is 230 – debit paid.
Implied Prob of Profit: 46%
Risk Profile:
Order Ticket:
VZ at 37.69
I’m looking for a move towards 35. I dont think this one is going to crash and I will use a put debit spread, risking 1 to make 1 with about 50% Prob of Profit.
Breakeven at expiration is 40 – debit paid.
Risk Profile:
Order Ticket:
Here are some of the terms I regularly use when I post the morning levels on the futures channel:
GlossaryONH=Overnight High
ONL=Overnight Low
yVAH=yesterday’s value area High
yVAL=Yesterday’s value area low
Value Area = 70% of the session’s volume
RTH=regular trading hours
SoC=Scene of Crime
VPOC=Volume point of control (Level at which the most volume was transacted during the session)
PBT: Projected balance target
OTFU: one time framing up = Higher highs, higher lows
OTFD: one time framing down = Lower highs, lower lows
HVN: High Volume Node
HVA: Low Volume Area
LVN: Low Volume Node
LVA: Low Volume Area
WSL: Weekly Swing Low
WSH: Weekly Swing High
DSL: Daily Swing Low
DSH: Daily Swing HighPYPL at 76.88
I’m going to add a PUT DIAGONAL here for a small debit. I’m buying 2 Diagonal spreads for every 1 original put butterfly.
Risk Profile:
Order Ticket:
MPC at 124.25
This butterfly is currently showing 40% ROR and this is a good time to either take profits or manage this trade to pull risk out
This is a closing order:
Risk Profile:
SPX at 3975
I’m going to set up a new 112 Bear Trap as part of my weekly trade entry. Tomorrow is the day before Thanksgiving and I expect the volume to drop off, so I’m gong to take this trade a day early.
Normally, I will put these on every Wednesday.
This is a 30pt wide put debit spread and a short OTM naked put. I’m selling 2 puts for every 1 put debit spread.
Risk Profile:
Order Ticket:
I don’t have tremendous buying power, what /es numbers would you use?
Thanks, Igor!
If you’ve never traded these before, start with 1 and always keep at least 50% of BP free
Sorry, I meant the equivalent /es or /mes since they don’t match up exactly. But either way, I couldn’t find Jan 13 expiry on either. I will sit out this trade and root you on from the sidelines.
MES doesn’t have Jan 13 expiration open. TK just signalled a Jan-20 entry in MES, that is similar in spirit 🙂 .
https://mrtoptick.slack.com/archives/G6W5ZE1EU/p1669130494286319
