S&P 500 Futures Set-Up

2023年4月3日

Put Option' Premiums are cheap compared to the chance of having a pullback.

RSI in overbought ranges.

Volume has been decreasing for the last weeks.

Entry Level: 4130

Stop Loss set at 4220.

First Take Profit at 4050. Second Take Profit at 3980.

*Important to pay attention to the price action at the level of 4050. If it is recovered quickly, it will be bullish.
Consider moving the stop loss closer to the breakeven point if that happens.

Priority Number One: Survive in the market.

2023年4月5日

註釋

First Support @ 4100 worked.

If this support is broken, the next important level is 4060-4070.

Pay special attention to the previously mentioned zone.
If the price shows strength, consider closing the position or moving the Stop Loss.

Patience is King.

2023年4月13日

註釋

Lateral movement since the opening of the position.

The expiry date of the contracts is by the end of April.

The position is still open, the time value is impacting negatively the price of the options. I believe that sooner or later the intrinsic value will push the prices of puts higher, as long as the index loses a couple of percentages.

Patience. Follow the strategy.

2023年4月17日

註釋

Bought more put options this morning.

VIX at important support levels of 17.

You buy put options when none wants them, this will lower my average buying price.