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Thanks Toby
A picture is worth a thousand words. Can I see an image of your screen shot for today set for 1 mins and 5 minutes. Thanks.Thanks for the picture. Can you send me just today, set it for 1 minute and 5 minute for the SPX. Just one day at the close. I can see what is wrong then. Thanks.
TeddiHi David
Please post your chart from today Jan 26 on the SPX and make sure the Williams%R shows fully in your picture. It is cut off in the image you posted. Thanks.Hi Peter; CMG is not a stock I trade but here is a look at it for you along with some suggestions. https://www.fullyinformed.com/members/chipotle-mexican-grill-stock-worried-on-long-put-position-investor-questions/
Teddi
Here you go Amy. This should help you out. https://www.fullyinformed.com/prime-spy-option-strikes-and-expiry-investor-questions/
In the articles I write I put the date in manually. I include times in the Market Direction Portfolio and Spy Put Hedge Strategy trades and Trading For Pennies Strategy. I used to include the times for the option selling and stock trades etc but investors told me it was of limited value so thankfully I save some time there. My site is not real-time trading as the market is fluid and often many investors get better prices than I do as they enter after I have sent out a trade alert so they advised they just want the alert so they decide whether to act on the trade or not. They are not interested in the time. I don’t plan to change that. My plate is pretty full as it is.
Next month I am starting a new charting service for members that uses the strategies I use every day and explains the entry and exit points. You may find that useful as well.
TeddiThere are probably lots of websites available. In general though I think profitable investors who control losses and grow portfolios with above average returns learn how the technical tools work, how to select the right tool, how to apply it and how to understand the signals.
I wrote this to see if it might help. https://www.fullyinformed.com/4-steps-to-understanding-and-profiting-from-technical-analysis-investor-questions/
I like the price point and $85 I think is decent. Stay small in my opinion – in other words don’t risk a lot of contracts to give yourself flexibility.
I mean I bought 25 of the Feb 19 puts for pennies, but I will be scaling into the short side of the credit put spreads over the next couple of weeks. In other words, I now own the long side of credit put spreads and can do up to 25 contracts. I did not feel at the time of starting the credit put spread trade that the upside could last for Apple. I think $85 is closer to where the stock is fair value. Therefore I want to scale into the short side of the credit put spreads.
You can easily re-enter in a rally. I sold some of my SDOW and SQQQ when the market fell through 1870, but I am slowly picking up shares above 1870 this afternoon again. I would expect a snap back rally Monday which will be very short-lived in my opinion. I intent to buy more in any snap back rally.
I went over Apple Stock last week and discussed buying the $90 put strike which I did last week. I listed other stocks last week as well including Microsoft, Under Armour, Nike and a few others. I will pull out my put list to see what I am presently holding puts on from the previous article.
No, risk on the calls was $18,000 – – The $197 short and $200 long. As well the put side was long not short.
TeddiNow taking some profits to repair my spy call trade 11:07 https://www.fullyinformed.com/trades-update-taking-profits-quick-comments-morning-jan-11-1100-am/
Repairs now in place at the open on Jan 11 https://www.fullyinformed.com/repairing-my-spy-calls-underway-quick-comments-at-the-open-jan-11/
For the Spy calls I wrote up this article outlining 5 strategies I have employed in the past to repair this type of trade. https://www.fullyinformed.com/5-strategies-to-rescue-my-losing-spy-call-trade-quick-comments-before-the-open-jan-11/