Matthew Tatham

Former WSB degenerate found credit spreads and now I have opinions about the Fed. Markets, politics, daily analysis. Not advice, mostly therapy.

[Matthew Tatham @TickerAndState]

Except it’s not 2021 is it? Make sure you triple check your CHATGPT image creations before trying to harvest clicks. Loser.

And America is not the only country you can do that, even though you didn’t.

I have some friends in South Korea who do nothing but buy weekly options in KOSPI and KORU and make more money than you can fathom.

[Matthew Tatham @TickerAndState]

Who here would pay $199.99/month for a full scale AI tool that has different channels for each model. You can ask if anything you want on that specialized Monday and it will return the analysis in whatever format you requested it in, within 3 minutes.

[Matthew Tatham @TickerAndState]

I dare somebody to test me on this. Come scoop these up if you disagree.

[Matthew Tatham @TickerAndState]

Recap of the last 14 hours. Was an absolute banger of an overnight session.

I got a notification on my phone that Korea was in shambles.

Went on over to @QuantData and immediately spotted that it was about to go down.

Opened up the TV indicator and waiting for an entry. First photo was my 0DTE entry on an A+ short setup. Entered after first 5 minute candle confirmation. Exited ES put for a total gain of $52K or 110%.

Second photo was the beginning of the degeneracy. I thought we were going to keep going down but my boy @SpermTrades told me this was the bottom with confidence. Waiting for confirmation, enter 1st reversal call. Took that bad boy for a 78% gain.

Then, you guessed it, we didn’t chop, we went right back down. Immediately got an A+ short setup. Took it and that was round 2 puts. Total gain 37%.

By this time I had been staring at my screen with intent for 4 hours+. Then…..you guessed it. Got an immediate A+ bullish reversal. Enter the 2 second of calls. Total gain, 31%.

Surely this price action couldn’t continue….but then a SUDDEN bounce off the bottom donchain and a 5 min candle confirmation, enter position 4, 0DTE calls. Total gain 43%.

I surely thought that was it. But then…..near the close was getting bearish vibes and a final confirmation 2 min before the bell. Along with the news of the in person talks going south.

Sold the calls, immediately entered puts expiring Monday…….

9 hours, 5 trades, 5 directional, 100% win rate. Total gain: $273,228

[Matthew Tatham @TickerAndState]

I personally have come to love this market. If you learn to play it, you can make ALOT of money with relatively high confidence:

Here it is:

Price action of overnight futures are insane.

1) Watch the first 30 minutes of EX futures. They will always pump or dump. Once confirmed, 0DTE futures option calls or puts with a bracket order/trailing stop,

2) Whatever futures do (without a catalyst) generally the SPX will do the total opposite.

3) Watch the first 30 minutes and GEX data to confirm trend on the daily market regime @PalmBeachDave8 @aaplbottomjeans

4) 0DTE directional call with trailing bracket order. If market is ranging just sell some premium or drop a condor and let Theta pay you.

5) EOD exit positions, rinse and repeat, never hold overnight.

For the last 3 weeks I’ve been running OVN 0DTE directionals (1% of account) + 0DTE directionals during the market open. In between there have been some crazy events that have happened and my trailing stop hit. Go review GEX and see what the deal is. Either reverse course or take the profit and walk.

You’re leaving money on the table not playing overnights in this market.

Before anybody hits me with “not enough liquidity or volume overnight”, you’re wrong.

3 week overnight profits: $283,938
2 week daily profits: $372,882 (outlier adjusted for a MASSIVE PUT I took profits on when the market slid last Thursday. Hit a 11x 0DTE SPX put.

When the market returns back to sane overnight price action levels, I’ll be very sad.

Volatility is life.

^Not Financial Advice. I really have no idea what I’m doing.

[Matthew Tatham @TickerAndState]

@aaplbottomjeans and @PalmBeachDave8 QD data for futures is an actual crystal ball….

[Matthew Tatham @TickerAndState]

And the futures scalping continues….bought the reversal…caught every moment of that. A casual $43K on downside puts with reversal calls while everybody is sound asleep!!

[Matthew Tatham @TickerAndState]

What in the world is happening over in Korea? Whatever it is, it’s painting overnight futures opportunities for me.

[Matthew Tatham @TickerAndState]

@vxylily Full send $100 SPCX Put expiring in 90 days.

[Matthew Tatham @TickerAndState]

Nothing like ripping a 12 banger while catching up with your pops in person! Casual evening.

Side note, I dare you to treat positive gamma as negative gamma when using ES futures chart to trade SPX OVN.

Meeannnnnnn reverrrrrsionnnnnnnnnn

[Matthew Tatham @TickerAndState]

@Cernovich You’re making him proud!

[Matthew Tatham @TickerAndState]

@itsjcmerlo Wow. I underestimated you. Ladies and gentleman, we have ourselves a freaking legend. Shorting carmax is peak degeneracy.

[Matthew Tatham @TickerAndState]

@itsjcmerlo Joking man! Yes making single gain on any week right now is good. What were the gains from?

[Matthew Tatham @TickerAndState]

@itsjcmerlo You’re*

[Matthew Tatham @TickerAndState]

@GrindeOptions After I exercise my put.

[Matthew Tatham @TickerAndState]

@Steezehuman He’s the face of poverty.

[Matthew Tatham @TickerAndState]

@RWil61 @PalmBeachDave8 @QuantData @aaplbottomjeans Longggggggg puts. Maximum exposure. Maximum pain. Maximum Euphoria.

[Matthew Tatham @TickerAndState]

@Irina_exh Meta Recruiters, Drug dealing, Sell Arbonne, or Software Sales.

I done one of those 4. Veryyyy good profit margins.

[Matthew Tatham @TickerAndState]

@dubemuzic @Irina_exh Profile photo checks out.