I closed $QQQ 20240509 436.0 CALL$ ,With the initial job loss claim spike through thr chart, pre market was excited but notnas crazy as last week and start to fade from pre market high, as the overnight inventory is 50:50 there is really no direction before the opening, but given the pre market high was rejected from yesterday high, maybe there is a chance to put right at the opening but too risky given the bad news is the good news we had at 830pm, so wait for the market to find its opening range, as the market reach the key level at 438.5 and the pre market has respected this overnight low, this could be a good level to call, and it shoot right back up to yesterday high with some rejection as the market is watching nvd
I closed $QQQ 20240503 432.5 PUT$ ,Quick scalp at the multi timeframe resistance of NQ 18000, the PMI move is woa, out for today, next week will be less volatile with no economic data, no more surprises.
I closed $QQQ 20240502 425.0 CALL$ ,Has been watching the price action within the opening range, with the opening that with no buyer at all, it is gonna find the bottom, as I didn't not put at the opening, the rnr becoming lesser and lesser attractive so wait the bottom, as the yesterday opening being broke twice and no meaningful support there, wait for the market panic sell, to make this happen and given the sentiment since opening, buyers will wait for the broke of yesterday low for an optimal entry, however the internals are not healthy so far, so a quick scalp with low delta maybe a better risk management and rnr.
I closed $QQQ 20240501 422.0 CALL$ ,Quick scalp, the idea is wait for an entry near overnight low, then exit at avwap from the previous lower high. It did continue to go up but rejected at vwap and created another lower high. It is pretty easy to trade on the late morning session of FOMC day, just watch out the extreme IV and crazy time decay, don't be greedy and you are fine.
I opened $QQQ 20240430 427.0 CALL$ ,Scoped a call here at the edge of fair value zone, target vwap also the edge of fair value zone from the morning session or before the end of wall street lunch break. Cut if failed to hold a higher low at 5 minites time frame.
The market has repaired itself from the war fear sell off and positioned itself to be ready for fomc, the stance now is more neutral (before today earnings) indicated that the market is not worry much about the recent economic, or has priced in the data, tomorrow fomc should give the market a decisive move, either for a new high or a lower high at daily chart, vix is holding around 15, interest yield is around 4.7 indicate the market is still optimistic, if not solid good news from fomc, expect market to retest the weekly low.
Looking at the trend developed since the war fear took place two weeks ago, market has since then built a higher high higher low across timeframe and index, and is holding its breath at the potential higher low here, the earning impact from amazon and amd should not shake the market much unlikely google and Microsoft last week as the market is in the progress of repairing it from the war fear sell off with the building of higher high higher low, if there is any big movement post market tonight and slip through tomorrow pre opening, I would prefer it be repaired and back choppy zone and wait for fomc for more neutral pre-fomc position, if the gap does not repaired at created another higher high or new lower low, it will put us into a handicapped position for risk and reward for swing a
I closed $QQQ 20240430 429.0 CALL$ ,So I reentered too early, didn't wait for the vwap retest instead I reentered based on my ema, too bad it broke the vwap but recaptured quickly due to aapl, looking at the momentum I should have covered at the resistance but aapl looks promising, so I waited, turned out I spot a second entry at the cut loss zone of buyer which is slightly below the opening range, yes market maker has shaked you out if you set cut loss just below the opening range, as expected it then moving towards vwap, about to covered at vwap if market reject it, turn out it continue moving to the intraday resistance, but it is risky to earn the last penny, so covered early, exited with small profit again knowing ho
I closed $QQQ 20240430 429.0 CALL$ ,Quick scalp, opening in yesterday range, due to today employment cost data there are overnight inventory to be cleared, watching the market reclaim vwap around 940am, didn't chase it because the price moved too fast, look for a reentry near vwap, took the chance at 5 minutes later, risky as the market internals are not healthy, but POC is there so is a 50:50 bet, market quickly reclaimed the vwap again but indecisive, knowing there are few important ER after market closed and tomorrow FOMC, decided to exit it as quick scalp, the market then pushed it higher, unexpected but since we are in choppy zone, there should be plenty of chance later, and it did.