I closed $NOW VERTICAL 240607 PUT 670.0/PUT 675.0$ ,This is my frustrating trade. This trade was in the money but I tried a few days to close it but couldn’t. I suspect is the liquidity was too low which resulted in not able to close when it is deep in the money. Unfortunately, price has move down significantly and I have decided to cut lost. I believe this will be one of my memorial trade.
I opened $SPY VERTICAL 240705 PUT 518.0/PUT 523.0$ ,I think SPY should continue to go up since the earnings results are generally positive. Hence, opened this trade to compliment my another long call trade setup. Trying to collect premiums while waiting for price to move up.
I closed $ADSK VERTICAL 240531 PUT 200.0/PUT 205.0$ ,This trade expiring tomorrow. Unfortunately, price has dropped below $205. Therefore, I have decided to cut lost of -$175.
I opened $UNH CUSTOM 240705 PUT 460.0/PUT 465.0$ ,Price dropped to $473 and starts to move up. This gives me and opportunity to look for support levels to enter a bull put spread for a reasonable premium. Therefore, I have selected $465 as the support level to give a margin of safety below $473. Let’s see how this trade moves.
I closed $GOOG VERTICAL 241018 CALL 160.0/CALL 175.0$ ,Not sure what had caused SPY to drop, but it seems like due to the fear of the Federal intention to hold the interest rate longer? Or is it due to profit taking? Reviewing my trades, since this trade has reached the short call and is in the money, I have decided to close it, achieving ROI of 50% in 4 weeks. Risk was $615 VS reward of $340.
I opened $UNH CUSTOM 240628 PUT 495.0/PUT 500.0$ ,In the weekly chart, MACD is positive and sloping up. The candlestick is also trading above the 20, 50, 150, 200 moving averages. These may give a probability of price moving up. However, I have noted that the stochastic is near the overbought region, which may signal a down move. Looking at the daily chart, the MACD seems like loosing steam and is reversing. Where could be the support level? The $506 to $507 looks like a good support level, given that the recent peak formed on 19 April and 20 moving average at $506. In the option chain, $500 strike price has a delta of 0.24, which is a probability that I am willing to take and also a
I opened $SMCI VERTICAL 240628 PUT 765.0/PUT 770.0$ ,After good results by NVDA, I think SMCI might also be influence positively. Looking at the weekly chart, price seems to have a resistance at $970 and supported by the 20 moving average. Currently, the 20 moving average is at $804. I have also noted the stochastic is going up from the oversold region, which might give a probability of price going up. Looking at the daily chart, the MACD is positive and looks like sloping up, giving a potential of up move in the short term. The recent low seems to be around $766, which gives me an indication of support level. Looking at the option chain, the delta is 0.199 for strike price $770 and