S&P 500 futures is holding up nicely at 50 weeks MA but slightly below 10 weeks moving average (MA). The suggestion is still remain the same as last week call. Continue reading “Weekly Review 30 Apr – 4 May 2018 (Stock, Gold, Crude Oil markets) & Bonus Stock NFLX”
S&P 500 futures forms a weekly doji candlestick and trades below 10 weeks moving average (MA). The S&P futures broke above 10 weeks MA steadily amid Syria mission accomplished at the beginning of the week but reversed and gave back most of the gain at the end of the week. It is now forming a symmetrical triangle. Breaking the resistance line should provide more upside to the S&P futures. Continue reading “Weekly Review 16-20 Apr 2018 (Stock, Gold, Crude Oil markets) & Bonus Stock ISRG”
This is one of my favorite trade in 2017 which I would like to share. It may not be the trade that makes the highest return but it is definitely a great example trade to show how I maneuver to flip a losing trade into a winning trade in style. As always options gives us a second chance to be profitable. Continue reading “Greatest trade yet in 2017!”
Yesterday was May 2016 Monthly Equity Options Expiration Friday. It has been a wonderful month for me without a single loss! Is it really a 100% winning rate and I am so accurate in identifying the direction of the market/stocks that I traded? Nope. No one can predict the future but everyone can take charge of it! If you look at my #4 AAPL trade, I was wrong but option repair strategy has given me a second chance to salvage my position and turn it into a wining position! Do click on the link below if you are keen to understand the thought behind the repair strategy.
AAPL crashed down breaking the main support around $92 this morning. As a result of this ‘mini crash’, my existing AAPL position (Bull Put Credit Spread) was challenged! There are few ways to repair this position. After considering all factors, I have chosen the most aggressive method, which is to close my sold leg (Refer trade highlighted in green in the screenshot below) and let my bought leg run. I subsequently close my bought leg (Refer the first two trades highlighted in red in the screenshot below).
April has been a very hectic month for me due to my work commitment. Though I did not have a chance to share individual trades with detail analysis that I opened after 15 April (15 April is Options Expiration Friday), I do intend to share all the positions that I initiated/closed from 15 Apr until last Friday.
Let’s continue this interesting trade! I did a roll on Friday. You can refer to Original Trade here.
It has been awhile since my last post due to my work commitment overseas. While I am still closely following the market and trade, I couldn’t allocate much time to consolidate the thoughts and post it in my blog. Hence, I would exclude those few winning trades from reporting in live trades section. Continue reading “Performance & Review in Mar-Apr 2016 (Apr 16 Expiration)”
Today is Mar 2016 Monthly Equity Options Expiration Friday. My result as per below:-
Performance in Feb-Mar 2016 (Mar 16 Expiration)
Trade #7 – WYNN -> Captured credit $1.00. As long as WYNN does not trade above $90 on 15 Apr 2016, I will make $100.