Founder of TradeSharkz |William Carey College of Osteopathic Medicine (OMS3)| University of South Florida (BMS) |None of my posted trades are financial advice|
Looking to sell a Put credit spread on ES at the open if 3610 can hold, if it breaks I will sell a call credit spread. Will close spread at 80% max profit and stop loss will be 3x credit received. If it breaks looking for a move down to 3565.25 or 3690.25 the other way.
Just got called a kindergartener for taking puts on rallies.
Like they haven't been paying me for a year straight.
Did I lose $7,000 last week doing so? Yes.
Have I made $390,000 doing so this year? Yes.
You guys act like I'm being smoked.
I've lost two trades past month.
Gotta love an almost perfect pin on SPX!!! Also sold my XLF and XLC puts today for a nice profit!I didn't post those trades but the SPY and QQQ Put debit spreads and SPY butterfly's are working great so far!! @optionsmafia1@The_RockTrading@HV_Trader@jordanfogel
@jordanfogel I don’t agree with this at all especially for a 1 week analysis. SPY just pulled back to its 21ema/massive volume ledge on the daily and has just started it’s decent and is still 10$ away from even being 1 ATR down. Also has a negative ADX on D and more negative on wk…..
Added on SPX Butterfly 3850/3800/3750 Puts @2.15, 2 SPY Put debit spreads 390/385 @1.95, 10 SPY Butterflies 380/375/370 Puts @.15, 2 QQQ 295/290 Put debit spreads, all of these have 19Aug expirations. Looking to art XLF and XLC puts soon! @optionsmafia1@The_RockTrading
Despite being a record month, it’s just numbers on a screen to me. The only thing on my mind moving forward is leaving my job and truly being free. Trading all day with the best team around is all I care about. July is the month we take it to the top, let’s fucking go!