ThetaZone

Analysis on options markets and credit spread structure. Rules-based setups documented in real time. Not financial advice.

[ThetaZone @ThetaZone_]

4 trading days after our June 9 Directional Pressure Model scan — all 4 positions closed in profit:
$AVGO Bull Put: +$4,125 (+8%)
$QCOM Bull Put: +$8,375 (+16.8%)
$JNJ Bear Call: +$4,500 (+9%)
$WMT Bear Call: +$75 (+0.1%)

Combined: +$17,075 (+8.5%) in 4 trading sessions.

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan: Upside exhaustion: $WMT, $JNJ; Downside exhaustion: $QCOM, $AVGO($AVGO flipping - was at upside exhaustion last week before its post-earnings drop.)Not financial advice

[ThetaZone @ThetaZone_]

$LMT just pushed +3% into the $520-$540 resistance zone we flagged.
Both signals aligned:
Price at the ceiling that capped rallies twice
Sparse call OI above to fuel continuation
Taking the Bear Call spread here.

[ThetaZone @ThetaZone_]

$LMT approaching a headbump.
Price pushing into $520-$540, a zone that capped rallies twice already.
Open interest analysis: very little call OI above $540 to fuel continuation. Gamma runs out.
Directional Pressure Model reads: upside exhaustion setting up.
We are eyeing a Bear Call spread on the radar.

[ThetaZone @ThetaZone_]

$LMT approaching a headbump.
Price pushing into $520-$540, a zone that capped rallies twice already.
Open interest analysis: very little call OI above $540 to fuel continuation. Gamma runs out.
Directional Pressure Model reads: upside exhaustion setting up.
We are eyeing a Bear Call spread on the radar.

[ThetaZone @ThetaZone_]

$AMT hit the $163-$164 zone yesterday - a floor that's held 3 times since December. Today: +2.5% off the lows we identified. Bull Put spread doing exactly what we want. Levels don't lie.

[ThetaZone @ThetaZone_]

$AMT just tagged support at $163 — a level that's held 3 times in the last 6 months.
Our Directional Pressure Model is reading the flush as exhaustion, not breakdown.
Bull Put spread on the table if it holds.
Let's see how thisunfolds.
Not financial advice

[ThetaZone @ThetaZone_]

$AMT just tagged support at $163 — a level that's held 3 times in the last 6 months.
Our Directional Pressure Model is reading the flush as exhaustion, not breakdown.
Bull Put spread on the table if it holds.
Let's see how thisunfolds.
Not financial advice

[ThetaZone @ThetaZone_]

Last month at ThetaZone : $QCOM, $AVGO, $JPM, $GOOG among them:
11 trades. ~98% combined return on capital risked. $50,616 net profit.
Every analysis posted on X before we took the trade.
You saw the scans. Did you act?
Follow @ThetaZone_ + bell on so you don't miss the next one.

[ThetaZone @ThetaZone_]

Retail buys options. Institutions sell them. Here's how to play their side.

Buy a call/put: you pay premium upfront for a chance at a big move. Theta decay erodes your position every single day. You need direction, speed, AND it has to happen before expiry.

Sell a credit spread: you collect premium upfront. Theta decay works in your favor every day. You profit if the stock stays in a defined range even if it drifts against you slightly.

The hidden trap with buying: even when you're right on direction, vol crush and time decay can eat most of the gain. The two cancel.

Roughly. A long call/put might cost 2-5% of stock notional and pay 3-5x if everything aligns. A well-built credit spread collects 20-40% on capital risked, and you win on flat, up slightly, or even down slightly.

So the question isn't "which makes more." It's "which has higher probability?"

If you're confident a stock will explode in a specific direction within a specific window, buy the option. If you're confident where the stock won't go over the next 1-2 weeks, sell the credit spread.

The edge isn't betting on "most stocks." It's identifying which stocks have the highest probability of staying in a defined zone. When the right names pass our analysis, time stops being the enemy. It becomes the payment.

Institutions don't pick directions, they sell time and probability. Retail can do the same trade with the right analysis and discipline. That's the bridge ThetaZone builds and the core of what we identify and trade.

[ThetaZone @ThetaZone_]

$JPM Bear Call — closed in 1 day.
Setup: 345/355 call spread, 100 contracts
Entry: June 17 (right after our scan)
Exit: June 18 — $6,250 profit (+6%)

The model called the top. Call OI wall confirmed it. Price rejected.

Setups > opinions.
Follow @ThetaZone_ + bell on to catch the next setup in real time.
Original call ⬆️

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan:
Upside exhaustion: $JPM (higher conviction).
$JPM bullish pressure at the 100th percentile
Interesting how this plays out.
Not financial advice.

[ThetaZone @ThetaZone_]

$WMT update - for those wondering about the trade we closed at $75 on Monday:
7 trading days after our June 9 upside exhaustion call, $WMT has now broken below the June 9 price (-1.4%).
The temporary top thesis is fully playing out. If we'd held, that $75 would be substantially larger.
But we rotated that capital into $JPM, which is also playing out (Day 1: -1.3%).
Patience pays. Taking profits and rotating pays too. Both can be right.
The bigger picture : our June 9 identification was correct. The model called the top, and price has confirmed it 7 trading days later. Identification is the edge. Execution is the choice.

[ThetaZone @ThetaZone_]

$WMT had room to keep developing, but we lock in profits and rotate to the next setup our model identifies. Compound wins, don't marry positions.
Every ThetaZone setup is posted on X BEFORE we take it.
Follow @ThetaZone_ + bell on to catch the next scan in real time.
Original June 9 call ⬆️

[ThetaZone @ThetaZone_]

Adding to the $JPM read: Not always the case but price now testing a wall of call open interest likely upside resistance (Blue bars). Two independent signals pointing the same direction = higher conviction setup.

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan:
Upside exhaustion: $JPM (higher conviction).
$JPM bullish pressure at the 100th percentile
Interesting how this plays out.
Not financial advice.

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan:
Upside exhaustion: $JPM (higher conviction).
$JPM bullish pressure at the 100th percentile
Interesting how this plays out.
Not financial advice.

[ThetaZone @ThetaZone_]

$WMT had room to keep developing, but we lock in profits and rotate to the next setup our model identifies. Compound wins, don't marry positions.
Every ThetaZone setup is posted on X BEFORE we take it.
Follow @ThetaZone_ + bell on to catch the next scan in real time.
Original June 9 call ⬆️

[ThetaZone @ThetaZone_]

4 trading days after our June 9 Directional Pressure Model scan — all 4 positions closed in profit:
$AVGO Bull Put: +$4,125 (+8%)
$QCOM Bull Put: +$8,375 (+16.8%)
$JNJ Bear Call: +$4,500 (+9%)
$WMT Bear Call: +$75 (+0.1%)

Combined: +$17,075 (+8.5%) in 4 trading sessions.

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan: Upside exhaustion: $WMT, $JNJ; Downside exhaustion: $QCOM, $AVGO($AVGO flipping - was at upside exhaustion last week before its post-earnings drop.)Not financial advice

[ThetaZone @ThetaZone_]

Day 4 update on the June 9 Directional Pressure Model scan.
Today's move confirms the thesis across all 4 names:
$QCOM: +8% from June 9 (+2.6% today) ✓
$AVGO: flat from June 9 (+3% today) ✓
$JNJ: flat from June 9 (-2% today) ✓
$WMT: +1.3% from June 9 (-0.4% today) ✓

Bull Puts wanting flat or up. Bear Calls wanting flat or down. 4 trading days + a weekend of theta in. All 4 in their zone.

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan: Upside exhaustion: $WMT, $JNJ; Downside exhaustion: $QCOM, $AVGO($AVGO flipping - was at upside exhaustion last week before its post-earnings drop.)Not financial advice

[ThetaZone @ThetaZone_]

There's also gamma - how fast losses accelerate per $1 move against you. You control gamma by your choice of expiration. It's the lever for managing trading psychology when your bias takes days to play out.
Full thread coming.
Follow @ThetaZone_ + notifications on.
Original June 9 call ⬆️

[ThetaZone @ThetaZone_]

3 days into our June 9 Directional Pressure Model scan on $QCOM, $AVGO, $WMT, $JNJ.
Day 1 moved against the call. Day 3, the thesis is showing through.
A real-time look at market psychology and the Greeks 🧵

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan: Upside exhaustion: $WMT, $JNJ; Downside exhaustion: $QCOM, $AVGO($AVGO flipping - was at upside exhaustion last week before its post-earnings drop.)Not financial advice

[ThetaZone @ThetaZone_]

What credit spread sellers want to see:
Bull Puts ($QCOM, $AVGO): price flat or rising from entry
Bear Calls ($WMT, $JNJ): price flat or dropping from entry

Even when direction goes against you slightly, theta profit can outweigh the delta loss. Best case - direction (delta) and theta work together.

[ThetaZone @ThetaZone_]

Today's Directional Pressure Model scan: Upside exhaustion: $WMT, $JNJ; Downside exhaustion: $QCOM, $AVGO($AVGO flipping - was at upside exhaustion last week before its post-earnings drop.)Not financial advice