To The Moon

Hmm I need guidance 

Investors turned more cautious on rate cut expectations, leaving indexes roughly flat as bets on Fed easing unwound, driving a pullback in risk assets. Meanwhile, the meme stock frenzy saw another twist, with GameStop and AMC Entertainment giving back some of their recent gains.Friday, May 17th marked the monthly options expiration. SPY and QQQ saw heavy volume focused on settling this week's expiring contracts. For small-caps, bullish flows continued in the Russell 2000, with expectations capping upside below 12.9% by year-end.Details:The S&P 500 ETF (SPY) saw open call interest rise 0.8% over the past 5 days. Open put contracts increased 0.4% over the same period.For call options, the most actively traded was the $SPY 202405

$GameStop(GME)$ The last post mentioned dealers exiting, but not fully. They took profits on the weeklies, but still have longer-dated positions like the $GME 20241018 13 CALL$ .This October 18 expiry 13 strike call - why am I confident it's dealer positioning? Over 3,000 contracts is not an insignificant amount. At let's say $3 per contract, that's $9 million in premium. While longer-dated, the strike is still at-the-money and tradeable.For a typical buy-to-open, you'd expect either a single large block trade or the 3,000 lots accumulated rapidly within a short time window across a burst of smaller prints.However, when I scan for prints of that size - nothing. I had to keep lowering

Personal Milestone: 20240516 marks a memorable day for me as I placed my first-ever options trade. With a bullish outlook on $Micron Technology(MU)$ and $NVIDIA Corp(NVDA)$ , I ventured into the options market. Trade Details:Trade Execution: After market opened at 9:30 ET on the 16th, I purchased MU options contracts set to expire on 24th June, with a strike price of $140, labeled "MU 20240624 140.CaLL."Purchased 2 $NVIDIA Corp(NVDA)$ call contracts set to expire on 24th june, with a strike price of $960, Contract cost $40.9625Confidence Level: I had a strong conviction about the short-term target price, which was a key factor in my decision to trade.Transaction Su

Hello everyone! Today i want to share some trading strategies with u! 1. $S&P 500(.SPX)$ 5300C moved from $15 to $46+ (+206%) on the 5200 break with 6 days to go 🚀 Next Target: 5400🎯 Anyone catch the move to the 5300 target? ✅2. $S&P 500(.SPX)$ consolidation day above 5300.. SPX moved 100+ pts the past 2 days so we're seeing a bullish consolidation today.. SPX 5332 still in play tomorrow $NVIDIA Corp(NVDA)$ watch that 954 resistance for tomorrow above can run to 971 $Meta Platforms, Inc.(META)$ if it holds 474 we can see 500 by the end of the month3.Trade plan for Friday ✅

Investors awaited comments from Fed officials for clues on the next policy moves, after the previous day's mild inflation report fueled rate cut hopes and drove major indexes to fresh record highs.Options market data suggested a positive view on the S&P 500 for May, though longer-dated butterflies spreads pointed to a gradual bearish shift. Upside room kept expanding in QQQ, with expectations for a 2.2% rally priced in by late May. For small-caps, bullish flows continued in the Russell 2000, with expectations for a 1.2% rally by month-end.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 2.4% over the past 5 days. Open put contracts increased 5.6% over the same period.For call options, investors sold the most

Cutting straight to the chase, let's look at the top closing trades today:$GME 20240517 12 CALL$  -20,263 lots$GME 20240517 11 CALL$  -11,588 lots$GME 20240517 15 CALL$  -6,295 lotsYes, that's right - the suspected market maker positions I highlighted in my first post, those weekly 11 and 12 strikes, were closed out today. We can declare this week's upside ambitions officially over, and the field has been ceded to the bears.Looking at put open interest, strikes are concentrated heavily below $20. This needs to be viewed in context with the remaining call OI:Based on the current call OI distribut

Hello everyone! Today i want to share some option strategies with u!1. $Under Armour Class A(UAA)$ releases earnings before market open on Thursday. Zooming out to the weekly chart, we can clearly see that UAA has reached a very low point in its price history. If you look closely, you'll see that UAA has been consolidating on the weekly chart around the 6.5 level. Expected move isn't that big for earnings ... ~7.5%. We don't typically sell strikes so close to ATM on a pre-earnings trade, but the R/R seems worth the gamble on UAA based on the weekly chart. We're contemplating an optionselling order for the May 31 expiration 6.5 strike put. The risk here is assignment of UAA shares at 6.5 and bagholding a loss if the stock price were to break and sta

The latest U.S. data releases showed April CPI and retail sales cooled, with the CPI report prompting markets to price in a faster pace of Fed rate cuts this year.Options market data suggested a continued positive outlook for the S&P 500, though longer-dated put buying remained. Upside room kept expanding in QQQ, with expectations for a rally over 1.3% priced in by May 20 expiration. For small-caps, bullish flows continued in the Russell 2000, with expectations for the index to hold above 210 through June 21.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 0.9% over the past 5 days. Open put contracts increased 1.7% over the same period.For call options, investors sold the most

tl;dr: There are signs of long capitulation in GME options this week.News segment first: The Bond King Bill Gross loudly proclaimed that the best trade in GME right now is to short the 400% option implied volatility.According to Bloomberg, Gross's strategy was to sell GME option straddles, simultaneously selling the 40 strike calls and puts. If GME closes between $18-62 on Friday, Gross profits, with max gain of $2,200 if it closes right at $40. The report noted Gross employed a similar straddlesell in AMC, selling the 10 strike straddle.While the news details sound plausible, I couldn't find any direct confirmation from Gross himself on these specific trades. He only mentioned shorting volatility in general, not for any particular underlier. Moreover, my scans showed the largest GME 40 st

Hello everyone! Today I want to share some technical analysis with you!1. $NVIDIA Corp(NVDA)$ price action strong here before earnings.. 919 test should come in the next 2 days if it gets through we can see 935 It will watch 919.. BIG LEVEL to set up for 935-950 by Friday2. $S&P 500(.SPX)$ best to hold 5229 after CPI.. all time highs going to be in play $S&P 500(.SPX)$ all time highs coming tomorrow.. 3. $GameStop(GME)$ $AMC Entertainment(AMC)$ basing after the big gap up.. If GME can hold 47 it can run back ot to 65-70.4. $Invesco Q

Hello everyone! Today I want to share some option analysis with you!1.Followed consumers on an optionselling post-earnings trade on $Home Depot(HD)$ . ▫️ STO May 17 exp 355/360 call credit spread HD just reported mixed results and did not have strong guidance.Image2.Here we go … optionselling1kchallenge back in play in our $1300 account. ▫️ STO $Hut 8 Mining Corp(HUT)$ June 14 exp $6 strike put Pre-earnings trade. Recent bottom near the 6 level. Willing to take assignment and then will 🛞 it.Image3.Executed the optionselling pre-earnings trade on $Monday.com Ltd.(MNDY)$ . STO May 17 expiration 125p & 250c strikes. Strangle.ImageFollow me to learn more about analy

Previous U.S. data releases showed persistently elevated inflation, leading markets to price in a slower pace of Fed rate cuts this year. Meanwhile, comments from Fed Chair Powell later on became the focus.Options market data suggested a more positive view on the S&P 500, with institutional positioning for the index to hold above 520 through June 14 expiration. Upside room continued to open up in QQQ. For the small-cap Russell 2000, there was room left for a 2.4% rally this week, while expectations capped downside below 2.4% by June 21.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest decline -0.3% over the past 5 days. Open put contracts rose 0.6% over the same period.For call options, investors sold the most

GameStop (GME)On Monday, GME options ranked #9 in total trading volume across all stocks/ETFs with 689k contracts traded, up 74%. Notably, while call open interest grew just 8.4%, put OI spiked 84.3%!The trading data suggests Monday's premarket pop was driven by the underlying stock, as call options traded very cautiously - clearly failing to meet market makers' expectations. While put volume surged, there wasn't major initiation from a strike perspective.Top 3 calls opened:$GME 20240517 34 CALL$  +17,397$GME 20240621 40 CALL$  +4,727$GME 20240524 34 CALL$  +3,379While new strikes aren't capture

Missed the GME frenzy? No need to panic, there are plenty of stable money-making opportunities this week.Despite being monthly options expiration, the overall tech market is exhibiting the same lackluster choppy action as last week - presenting excellent opportunities to sell puts or covered calls. Why not harvest some premium during these rangebound periods?Of course, some may want to go all-in on meme stocks like GME and AMC. No issues there - at this pivotal juncture, any risk warnings pale in comparison to the potential upside. I'll provide an update on GME and AMC option positioning in the next post.Nvidia (NVDA)Nvidia is likely to remain rangebound between $850-920 this week. Consider selling the $NVDA 20240517 850 PUT$ <

Hello everyone! Today I want to share some trading analysis with you!1. $NVIDIA Corp(NVDA)$ earnings coming up on May 22nd.. NVDA possible we see 919,935 before earnings.. 919 in play by Wednesday $S&P 500(.SPX)$ green to red after hte gap up, still just basing above 5200 since Friday $GameStop(GME)$ if they squeeze this higher possible it runs to 40-452.Trade plan for Tuesday ✅ $S&P 500(.SPX)$ day 2 of consolidation above 5200. ATH coming this week, SPX needs to close through 5229 to test 5264 5250C can work above 5229 $NVIDIA Corp(NVDA)$ earnings on May 22- We can s

Hello everyone! Today I want to share some option strategies with you!1.Trade idea on $Monday.com Ltd.(MNDY)$ Earnings Release Date: - Wednesday, May 15, before market open Trade Idea: - Sell-to-open a strangle, May 17 expiration, 120p & 260c strikes - Short strikes are outside the expected move range (30+% to the downside and 40+% to the upside as of today's closing price) Points of Consideration: - Expected move of ~14% - 200EMA at the 185-186 level - Recent high around the 240 level (challenged twice and failed to break through) - An iron condor trade using the 120p & 260c short strikes has a percent-of-profitability (PoP) of 87%ImageImageFollow me to learn more about analysis!!https://twitter.com/Selling4Premium

Hello everyone! Today I want to share some option strategies with you!1.Another solid week of earnings for optionselling trades. Got a few on the radar/watchlist/plan. Monday: $Bitfarms Ltd.(BITF)$ - currently have May 17 $2.5 covered calls (and we want to get taken out if possible ) $StoneCo(STNE)$ - targeting the 14p, expiration date tbd Tuesday: $BABA - currently have June 21 $85 covered calls $Sea Ltd(SE)$ - targeting the May 17 exp 50p $Home Depot(HD)$ , $Sea Ltd(SE)$ , $Sony(SONY)$ - trade tbd Wednesday:

Investors awaited this week's inflation report for clues on the Fed's policy path. Treasury yields and the U.S. dollar index declined.Options market data suggested the S&P 500 ETF could see a pullback of over 1.5% priced in by May 17 expiration. For QQQ, there was room left for a 2.2% rally this week, while a 4.2% decline was expected. The small-cap Russell 2000 had room for a 1.4% decline priced in for the week.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest decline -2.9% over the past 5 days. Open put contracts decreased -0.5% over the same period.For call options, investors bought the most $SPY 20241220 680.0 CALL$  with a 680 strike, adding 18,000 cont

TL;DR: The GME ringleader is exploiting the monthly options expiration again to engineer a gamma squeeze. Bullish this week, bearish next week.On Monday premarket, GME spiked 40% higher, and Roaring Kitty, the instigator of GME's 2021 frenzy, resurfaced after 3 years with a meme acknowledging the surge - signaling GME's meme frenzy may be back.GME's 2021 insane rally began with a 57% spike on 1/13. The following week, it opened at $24.18 on Monday 1/25 but had run to $120.75 by that Thursday's close.However, on the ensuing Monday 2/1, GME crashed 30% before the frenzy reignited about a month later.Interestingly, this week's $25 premarket level rhymes with that $24.18 open on 1/25.The Squeeze ScriptExpect this week's script to mirror last time - a combo of expiring options gamma and short c

Hmm I need guidance 

$GameStop(GME)$ The last post mentioned dealers exiting, but not fully. They took profits on the weeklies, but still have longer-dated positions like the $GME 20241018 13 CALL$ .This October 18 expiry 13 strike call - why am I confident it's dealer positioning? Over 3,000 contracts is not an insignificant amount. At let's say $3 per contract, that's $9 million in premium. While longer-dated, the strike is still at-the-money and tradeable.For a typical buy-to-open, you'd expect either a single large block trade or the 3,000 lots accumulated rapidly within a short time window across a burst of smaller prints.However, when I scan for prints of that size - nothing. I had to keep lowering

Investors turned more cautious on rate cut expectations, leaving indexes roughly flat as bets on Fed easing unwound, driving a pullback in risk assets. Meanwhile, the meme stock frenzy saw another twist, with GameStop and AMC Entertainment giving back some of their recent gains.Friday, May 17th marked the monthly options expiration. SPY and QQQ saw heavy volume focused on settling this week's expiring contracts. For small-caps, bullish flows continued in the Russell 2000, with expectations capping upside below 12.9% by year-end.Details:The S&P 500 ETF (SPY) saw open call interest rise 0.8% over the past 5 days. Open put contracts increased 0.4% over the same period.For call options, the most actively traded was the $SPY 202405

Personal Milestone: 20240516 marks a memorable day for me as I placed my first-ever options trade. With a bullish outlook on $Micron Technology(MU)$ and $NVIDIA Corp(NVDA)$ , I ventured into the options market. Trade Details:Trade Execution: After market opened at 9:30 ET on the 16th, I purchased MU options contracts set to expire on 24th June, with a strike price of $140, labeled "MU 20240624 140.CaLL."Purchased 2 $NVIDIA Corp(NVDA)$ call contracts set to expire on 24th june, with a strike price of $960, Contract cost $40.9625Confidence Level: I had a strong conviction about the short-term target price, which was a key factor in my decision to trade.Transaction Su

Investors awaited comments from Fed officials for clues on the next policy moves, after the previous day's mild inflation report fueled rate cut hopes and drove major indexes to fresh record highs.Options market data suggested a positive view on the S&P 500 for May, though longer-dated butterflies spreads pointed to a gradual bearish shift. Upside room kept expanding in QQQ, with expectations for a 2.2% rally priced in by late May. For small-caps, bullish flows continued in the Russell 2000, with expectations for a 1.2% rally by month-end.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 2.4% over the past 5 days. Open put contracts increased 5.6% over the same period.For call options, investors sold the most

Cutting straight to the chase, let's look at the top closing trades today:$GME 20240517 12 CALL$  -20,263 lots$GME 20240517 11 CALL$  -11,588 lots$GME 20240517 15 CALL$  -6,295 lotsYes, that's right - the suspected market maker positions I highlighted in my first post, those weekly 11 and 12 strikes, were closed out today. We can declare this week's upside ambitions officially over, and the field has been ceded to the bears.Looking at put open interest, strikes are concentrated heavily below $20. This needs to be viewed in context with the remaining call OI:Based on the current call OI distribut

tl;dr: There are signs of long capitulation in GME options this week.News segment first: The Bond King Bill Gross loudly proclaimed that the best trade in GME right now is to short the 400% option implied volatility.According to Bloomberg, Gross's strategy was to sell GME option straddles, simultaneously selling the 40 strike calls and puts. If GME closes between $18-62 on Friday, Gross profits, with max gain of $2,200 if it closes right at $40. The report noted Gross employed a similar straddlesell in AMC, selling the 10 strike straddle.While the news details sound plausible, I couldn't find any direct confirmation from Gross himself on these specific trades. He only mentioned shorting volatility in general, not for any particular underlier. Moreover, my scans showed the largest GME 40 st

The latest U.S. data releases showed April CPI and retail sales cooled, with the CPI report prompting markets to price in a faster pace of Fed rate cuts this year.Options market data suggested a continued positive outlook for the S&P 500, though longer-dated put buying remained. Upside room kept expanding in QQQ, with expectations for a rally over 1.3% priced in by May 20 expiration. For small-caps, bullish flows continued in the Russell 2000, with expectations for the index to hold above 210 through June 21.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 0.9% over the past 5 days. Open put contracts increased 1.7% over the same period.For call options, investors sold the most

GameStop (GME)On Monday, GME options ranked #9 in total trading volume across all stocks/ETFs with 689k contracts traded, up 74%. Notably, while call open interest grew just 8.4%, put OI spiked 84.3%!The trading data suggests Monday's premarket pop was driven by the underlying stock, as call options traded very cautiously - clearly failing to meet market makers' expectations. While put volume surged, there wasn't major initiation from a strike perspective.Top 3 calls opened:$GME 20240517 34 CALL$  +17,397$GME 20240621 40 CALL$  +4,727$GME 20240524 34 CALL$  +3,379While new strikes aren't capture

Hello everyone! Today i want to share some option strategies with u!1. $Under Armour Class A(UAA)$ releases earnings before market open on Thursday. Zooming out to the weekly chart, we can clearly see that UAA has reached a very low point in its price history. If you look closely, you'll see that UAA has been consolidating on the weekly chart around the 6.5 level. Expected move isn't that big for earnings ... ~7.5%. We don't typically sell strikes so close to ATM on a pre-earnings trade, but the R/R seems worth the gamble on UAA based on the weekly chart. We're contemplating an optionselling order for the May 31 expiration 6.5 strike put. The risk here is assignment of UAA shares at 6.5 and bagholding a loss if the stock price were to break and sta

Hello everyone! Today i want to share some trading strategies with u! 1. $S&P 500(.SPX)$ 5300C moved from $15 to $46+ (+206%) on the 5200 break with 6 days to go 🚀 Next Target: 5400🎯 Anyone catch the move to the 5300 target? ✅2. $S&P 500(.SPX)$ consolidation day above 5300.. SPX moved 100+ pts the past 2 days so we're seeing a bullish consolidation today.. SPX 5332 still in play tomorrow $NVIDIA Corp(NVDA)$ watch that 954 resistance for tomorrow above can run to 971 $Meta Platforms, Inc.(META)$ if it holds 474 we can see 500 by the end of the month3.Trade plan for Friday ✅

Previous U.S. data releases showed persistently elevated inflation, leading markets to price in a slower pace of Fed rate cuts this year. Meanwhile, comments from Fed Chair Powell later on became the focus.Options market data suggested a more positive view on the S&P 500, with institutional positioning for the index to hold above 520 through June 14 expiration. Upside room continued to open up in QQQ. For the small-cap Russell 2000, there was room left for a 2.4% rally this week, while expectations capped downside below 2.4% by June 21.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest decline -0.3% over the past 5 days. Open put contracts rose 0.6% over the same period.For call options, investors sold the most

Missed the GME frenzy? No need to panic, there are plenty of stable money-making opportunities this week.Despite being monthly options expiration, the overall tech market is exhibiting the same lackluster choppy action as last week - presenting excellent opportunities to sell puts or covered calls. Why not harvest some premium during these rangebound periods?Of course, some may want to go all-in on meme stocks like GME and AMC. No issues there - at this pivotal juncture, any risk warnings pale in comparison to the potential upside. I'll provide an update on GME and AMC option positioning in the next post.Nvidia (NVDA)Nvidia is likely to remain rangebound between $850-920 this week. Consider selling the $NVDA 20240517 850 PUT$ <

TL;DR: The GME ringleader is exploiting the monthly options expiration again to engineer a gamma squeeze. Bullish this week, bearish next week.On Monday premarket, GME spiked 40% higher, and Roaring Kitty, the instigator of GME's 2021 frenzy, resurfaced after 3 years with a meme acknowledging the surge - signaling GME's meme frenzy may be back.GME's 2021 insane rally began with a 57% spike on 1/13. The following week, it opened at $24.18 on Monday 1/25 but had run to $120.75 by that Thursday's close.However, on the ensuing Monday 2/1, GME crashed 30% before the frenzy reignited about a month later.Interestingly, this week's $25 premarket level rhymes with that $24.18 open on 1/25.The Squeeze ScriptExpect this week's script to mirror last time - a combo of expiring options gamma and short c

Investors awaited this week's inflation report for clues on the Fed's policy path. Treasury yields and the U.S. dollar index declined.Options market data suggested the S&P 500 ETF could see a pullback of over 1.5% priced in by May 17 expiration. For QQQ, there was room left for a 2.2% rally this week, while a 4.2% decline was expected. The small-cap Russell 2000 had room for a 1.4% decline priced in for the week.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest decline -2.9% over the past 5 days. Open put contracts decreased -0.5% over the same period.For call options, investors bought the most $SPY 20241220 680.0 CALL$  with a 680 strike, adding 18,000 cont

Hello everyone! Today I want to share some technical analysis with you!1. $NVIDIA Corp(NVDA)$ price action strong here before earnings.. 919 test should come in the next 2 days if it gets through we can see 935 It will watch 919.. BIG LEVEL to set up for 935-950 by Friday2. $S&P 500(.SPX)$ best to hold 5229 after CPI.. all time highs going to be in play $S&P 500(.SPX)$ all time highs coming tomorrow.. 3. $GameStop(GME)$ $AMC Entertainment(AMC)$ basing after the big gap up.. If GME can hold 47 it can run back ot to 65-70.4. $Invesco Q

Hello everyone! Today I want to share some option analysis with you!1.Followed consumers on an optionselling post-earnings trade on $Home Depot(HD)$ . ▫️ STO May 17 exp 355/360 call credit spread HD just reported mixed results and did not have strong guidance.Image2.Here we go … optionselling1kchallenge back in play in our $1300 account. ▫️ STO $Hut 8 Mining Corp(HUT)$ June 14 exp $6 strike put Pre-earnings trade. Recent bottom near the 6 level. Willing to take assignment and then will 🛞 it.Image3.Executed the optionselling pre-earnings trade on $Monday.com Ltd.(MNDY)$ . STO May 17 expiration 125p & 250c strikes. Strangle.ImageFollow me to learn more about analy

Hello everyone! Today I want to share some option strategies with you!1.Another solid week of earnings for optionselling trades. Got a few on the radar/watchlist/plan. Monday: $Bitfarms Ltd.(BITF)$ - currently have May 17 $2.5 covered calls (and we want to get taken out if possible ) $StoneCo(STNE)$ - targeting the 14p, expiration date tbd Tuesday: $BABA - currently have June 21 $85 covered calls $Sea Ltd(SE)$ - targeting the May 17 exp 50p $Home Depot(HD)$ , $Sea Ltd(SE)$ , $Sony(SONY)$ - trade tbd Wednesday:

Hello everyone! Today I want to share some option strategies with you!1.And this is why we need to wake up earlier. Could have traded this great set-up on $Advanced Micro Devices(AMD)$ at the high point at 6:50am pst versus sleeping in until the alarm went off at 7am pst. Did anyone catch it by selling calls and/or buying puts? Opportunity missed. Oh well. Image2.Anyone remember when we were doing our #Optionselling1Kchallenge ??? Well, there are reasons why we haven't done anything with this in a while. 1. We got caught on the wrong side of the TIO scam dump and lost several hundred dollars in our account. Loss was near $700.2. We realized that it was very difficult to make decent profit writing options every week with only $1-2K in the account. I

Hello everyone! Today I want to share some option strategies with you!1.Trade idea on $Monday.com Ltd.(MNDY)$ Earnings Release Date: - Wednesday, May 15, before market open Trade Idea: - Sell-to-open a strangle, May 17 expiration, 120p & 260c strikes - Short strikes are outside the expected move range (30+% to the downside and 40+% to the upside as of today's closing price) Points of Consideration: - Expected move of ~14% - 200EMA at the 185-186 level - Recent high around the 240 level (challenged twice and failed to break through) - An iron condor trade using the 120p & 260c short strikes has a percent-of-profitability (PoP) of 87%ImageImageFollow me to learn more about analysis!!https://twitter.com/Selling4Premium