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One of the biggest mistakes options traders make?
Choosing the strategy before deciding what they expect the stock, index, or ETF to do.
📈 Bullish? A long call may be enough.
📉 Bearish? A long put may be appropriate.
Start with the opportunity, not the strategy.
$ANET continues to look great
We booked the profit on our OCT put credit spreads in my room, but the 2day squeeze looks like there's room to run higher. Looking to reload on any potential dips into the buy zone
$ANET$QQQ$SMH$SPX
$GOOGL weekly squeeze
This setup "should" present a big opportunity at some point, the question is when?
Trend + structure criteria support the eventual breakout, the MACD below 0 says not yet... Watching this closely and avoiding front-running the buy trigger, but I'd love to load up on this one when/if the time comes
$GOOGL$QQQ$SPX
There's nothing bearish about new, lifetime highs!
Take a look at ideas in the Nasdaq, semis, $SPCX, $ARM, $MRVL, & more.
My Monday stock market review is live:
youtu.be/G_EZ4CfUBpI
Trying to predict whether earnings will send a stock UP or DOWN? 👀
@Allison_Trades takes a different approach & it helped her achieve an 83% win rate last earnings season, with average winners 3X bigger than average losers.
She’s teaching the system Oct. 7 🗓️
🔗 Join live: simplertrading.com/gap?utm_c…
Yesterday before class ended, $SPX came back into one of my predefined levels.
I bought Thursday calls around $5. 🎯
Why Thursday?
My Trendy methodology shows that once the 88.7 Fib is breached, historically I’ve seen roughly a 95% probability of a new high.
That gave me conviction in direction.
But WHEN?
Timing Is The Variable.
I checked the macro calendar for potential volatility and gave the trade until Thursday to work.
Level → Probability → Time → Execution
Now we let the market do its thing.
#Closed