Seapower

Futures Options Trader

[Seapower @Seapower]

Hi All, it has been a while! With much backtesting, followed by real trades in 2016, strat has evolved into ES L or S w/same signals+stop

[Seapower @Seapower]

@Dkiash I am yes. Just running a corporate sales team as well so I don't have time to tweet. How is your trading going?

[Seapower @Seapower]

Markets often rally just before Apple announcements-be careful

[Seapower @Seapower]

@desihobo I am yes, just so busy! Tremendous opportunity here. Sell Deep OTM Puts at lows and manage a stop at 2x entry. It is that simple

[Seapower @Seapower]

Hope you sold Puts. I have 50% profit now which in my data set = 100% likelihood of 100% profit at exp

[Seapower @Seapower]

Why sell Puts at lows? Long term Bull mkt, selloff likely to rebound,hi volatility now and even greater as we test lvls.

[Seapower @Seapower]

OMG it's the end of the world, China devalued currency! HA Sell Puts into the lows of the day, great volatility

[Seapower @Seapower]

Good fear; good volatility at these lows. Sell some Puts while you can.

[Seapower @Seapower]

Despite selloff, volatility very low. That means little conviction in continuation to downside. I don't use VIX, this is experience.

[Seapower @Seapower]

Put sellers are smiling right now! Nice rally. May not hold but nice for now.

[Seapower @Seapower]

Selling Puts into fear! Great deep OTM selling ops rite now

[Seapower @Seapower]

I like strikes 1965 and 1925 for deep OTM Put selling, min $2, but go for $3 with 2 week + exp.

[Seapower @Seapower]

If we push thru this low should get some nice volatility for Put selling fun.

[Seapower @Seapower]

Option sellers this is a Put selling day! Great prices out there. Wait for test of current low.

[Seapower @Seapower]

But be careful, that does not mean I suggest go Long at lows. I do not daytrade, I just want to relay Option mkt reflecting lack of fear

[Seapower @Seapower]

Deep OTM Puts at test of low just now were still cheap which = somewhat broad lack of conviction in a further breakdwn of significance

[Seapower @Seapower]

Option pricing stronger than yesterday on this brkdwn but still relatively weak. A brk of today low could change that

[Seapower @Seapower]

Testing todays lows rite now, options still cheap = weak conviction in any significant break down

[Seapower @Seapower]

Based on option pricing, a break of Friday low and a move into previous last week mid-week balance is unlikely for now

[Seapower @Seapower]

Deep OTM option selling extravaganza! Likely more opportunities tomorrow.