I opened 1.0 unit(s) $PG DIAGONAL 241206/250117 CALL 175.0/CALL 170.0$ ,Reopened the diagonal spread as i think the price has reached above the 200 moving average and there is the probability to go up or stay within the current range.
I opened $VRT VERTICAL 240719 PUT 72.5/PUT 77.5$ ,From the weekly chart, price seems to retrace down and currently moving side way. In the option chain, strike price of $77.2 looks attractive. Hence, had opened this trade.
I opened $AMZN CUSTOM 240621 CALL 150.0/CALL 167.5$ ,Weekly chart shows an overall up trend. The price action seems to be forming a continuation in the up trend. In the daily chart, a bullish pin had been form at the 20MA in the past few days. This seems to give a potential of price moving up from here. However, I have noted that the stochastic for both weekly and daily is near the oversold region. Also, the price is currently trading at the resistance level $150 to $155. Which means price may either move sideways or moves down in the coming weeks. A more safe entry is to wait for bullish pin to form and move above the resistance level. Comparing both situation, I have decided to
I opened $MDB VERTICAL 240816 PUT 220.0/PUT 230.0$ ,Based on weekly chart, the stochastic has already move up from the oversold region. This gives a probability of price moving up. In the daily chart, it seems like price has formed a low, which is higher than the previous low. Therefore, I have decided to enter this bull put spread, expecting price to stay above $230 before expiry.
I opened $LMT VERTICAL 240816 PUT 455.0/PUT 450.0$ ,In the daily chart, the stochastic is reversing up from the oversold region. The candlestick seems to be reacting to a support level of $460 and trading above $460 level. Therefore, I have decided to enter this trade, expecting price to stay above $455.
I opened $GOOG CUSTOM 240517 CALL 140.0/CALL 150.0$ ,In the daily chart, the price seems to be bouncing off the 150 MA. Coincidently, it is at a support level of $137 which I found. Furthermore, the stochastic is near the oversold region, which also means a potential of price moving up. Looking into the hour charts, today’s price opens and crosses above the down trend line. Based on these, I am expecting the price to move up from here. Therefore, decided to enter this trade.
I opened $SPY VERTICAL 240328 PUT 510.0/PUT 500.0$ ,It’s a new month and stochastic is in the oversold region for both weekly and daily chart. Is it about time for buyers to take a rest and sellers entering the market? Looking at the 4hour chart, it seems like there is a long wick bearish candlestick formed. Therefore, I decided to open this trade in view of price moving down in the month of Mar.
I opened $JNJ 20241206 155.0 CALL$ ,This is the rolled position of the short call of diagonal spread. I think JN should go up or stay within the current price range.
I opened $KWEB CUSTOM 241220 PUT 31.0/CALL 35.0/PUT 35.0$ ,I am speculating Chinese market may move up again. Decided to enter this bullish synthetic with max risk of approx $500. I plan to exit if price drops to $32 (cut loss) or take profit if price moved to $37 to $39 range.
I closed $PANW VERTICAL 241025 PUT 320.0/PUT 315.0$ ,Within 16 days, this trade manage to achieve ROI of 11% (risk $500), and I decided to close this trade. On a second thought, actually there is still a sufficient buffer and time left. I should have holder it longer. Anyway, I can re-open this trade again next week. Love option trading :)
I opened $META VERTICAL 240830 CALL 505.0/CALL 510.0$ ,I think the support level for META is at $500. Since I have a small capital, I have decided to do a bull call spread and choose a slightly further strike price of $505/$510 to have a cheaper premium. Let’s see how it goes.
I closed $ADBE 20240614 455.0 PUT$ ,This is one of the leg of bull put spread. After good earnings, price move up and the trade expires worthless, achieving 100% of the premium. 😊
I opened $UNH VERTICAL 240802 PUT 450.0/PUT 455.0$ ,In the weekly chart, $460 looks like a good support level, based on the past candlesticks low and also the 200 moving average. Looking at the option chain, for strike price $455, the delta is approx 0.25. Therefore, I have decided to enter this bull put spread. As long as price stays above $455, this will be a winning trade.
I opened $BABA VERTICAL 240628 PUT 73.0/PUT 78.0$ ,In the weekly chart, price is seen to cross the recent resistance level of $78. The MACD is also beginning to turn positive. In the daily chart, the 20 MA had cross above the 50MA, which signals a positive move. Based on the above, I decided to open this trade with the short put at $78, the delta is approx 0.23.
I opened $AMAT VERTICAL 241004 CALL 210.0/CALL 215.0$ ,AMAT share price drop. Hence, I shifted the bear call spread of the iron condor based on today’s 1 standard deviation. Collecting some credits from this move. Let’s see how this goes.
I closed $SPY VERTICAL 240712 PUT 525.0/PUT 520.0$ ,Within 12 days, this trade manage to achieve about 60% of the premium. Left about 23days to expiry date, i don’t wish to wait further to collect the remaining 40% of the premium. Hence, I have decided to close early to secure the profits.
I closed $MCD VERTICAL 240823 CALL 250.0/CALL 260.0$ ,I tried to close this trade when the price reached the short CALL strike price. However, I could not close because I was bargaining for a better price. Since then, price when down but is still above the long CALL, making the trade profitable. As the earnings is next week Monday, price may move in any direction. So, I decided to close it to secure the profits. Saving these seeds for new harvest.
I closed $UNH VERTICAL 240705 PUT 460.0/PUT 465.0$ ,This trade manage to collect 60% of the premium within 19days. To collect the remaining 40% of the premium, I will have to wait for 17days. Do I want to wait? Maybe not. Let’s secure the profits. I am still bullish for UNH. Therefore, I will try to look for a bull put spread with lower strike price for a similar premium in this week or next.