$SPY PUTS

2023年1月25日

If we held above $400 it would signal a larger move up. Likelihood of that happening is quite low in my opinion. With a big week of low expected earnings, possible negative news coming from Powell, and many companies looking lacklustre with weak guidance, I expect that we can see a strong rejection of the $400 level.

Closed one put already from $399 to $396 and will gradually re-open a few Puts for March/April expiration between $397-$399

Looking for a TP level around $370 or at the .618 fib line. Not because it would be a bottom, but a good level to take profit as we approach expiration and where we might see a possible bounce.

Stop loss would be $400 as I don't expect us to head back above this level. However, if we do, the risk/reward ratio is worth it.

Good luck everyone.

2023年1月25日

交易進行

Entering here at $399. March Puts $370, Not a full position, low risk.

2023年1月25日

註釋

Considering adding on at $401 if we hit it.

2023年1月26日

註釋

Hedging with Bitcoin portfolio. While I am pretty bearish fundamentally on SPY, it could turn the other direction if Crypto pumps.

Long term these puts are perfectly fine, but short term we could see some sideways movement or range at this level. With $405 area in play. Logically $386 is where we should be heading but short term no one can predict.

If SPY breaks resistance similarly to how bitcoin did I may let go of these contracts. In a perfect world, the stock market falls as it should with the upcoming recession and smart money moves to bitcoin causing a disconnect between the two markets.

2023年1月26日

交易結束：達到停損點

Bad trade. Closing and moving capital to Ethereum which should pop back up to $1650.

2023年1月26日

註釋

Closed $401.5

2023年1月26日

註釋

2023年1月26日

交易進行

Re opened a few contracts at $403. Quick decision making after the first hour. SPY has to break this trend and hold above $403 and then make new highs above $410 which I doubt will happen before Powell's rate hike. So could be choppy today and tomorrow and possibly see another dip under $400.

2023年1月26日

交易結束：達到停損點

Closed out break even. Spy looking oddly strong. Will hold the BTC ETH hedge.

2023年2月3日

註釋

2023年2月3日

交易進行

Expecting to see a rise on the VIX next week so entering into a short today. $400 Contract for June. Using my day trades to scalping $10.80-$11.30 currently to create a lower stop loss of around $10. Looking for a sharp dip early next week to retest previous trend line.

Potential to switch teams next week to calls if we do $400-$410 levels and hold strong. I think we could see this move down and maybe some sideways action before heading up further.

2023年2月3日

註釋

Good timing. In great profit. Contract at $12.23 with a hour left.

2023年3月1日

手動結束交易

Closing out of all puts here. Opened some good ones around $413 but took too much profit early. Starting to move more into my Bitcoin and ETH Positions as well as SO