The Official Options Thread - Page 130

Blazed · 03-05-2025, 09:56 AM

Quote:

Originally Posted by Blazed

SPX: 5800 key level / 5865 / 5750 / 5700 / 5696

SPX spread 5700/05 / 5840/45
[/img]

SPX: 5800 key level✅

Blazed · 03-05-2025, 09:58 AM

Quote:

Originally Posted by Blazed

SPX: 5800 key level✅

All out. 2 mins until data

Blazed · 03-05-2025, 10:01 AM

And that's why you get out before news

What a candle lol

ajlaxmn · 03-05-2025, 10:25 AM

Quote:

Originally Posted by Blazed

And that's why you get out before news

What a candle lol

I actually grabbed one quick put at top for quick scalp.

In puts now from break and retest of ATR/Key Level. One contract left, letting it ride to see how I can manage, hoping for 5750.

ajlaxmn · 03-05-2025, 10:26 AM

Quote:

Originally Posted by Blazed

And that's why you get out before news

What a candle lol

Think that was more based on Trump tariff comments no?

Blazed · 03-05-2025, 10:31 AM

Quote:

Originally Posted by ajlaxmn

I actually grabbed one quick put at top for quick scalp.

In puts now from break and retest of ATR/Key Level. One contract left, letting it ride to see how I can manage, hoping for 5750.

Nice! Perfect timing on entry

Holding runners until 50 as well

Will cut if pushed back up over 75 on 5 min

Quote:

Originally Posted by ajlaxmn

Think that was more based on Trump tariff comments no?

Not sure. Data dropped at the same time apparently but I missed the tariff news so I assumed it was data

Blazed · 03-05-2025, 10:36 AM

Quote:

Originally Posted by Blazed

Nice! Perfect timing on entry

Holding runners until 50 as well

Will cut if pushed back up over 75 on 5 min

Out of runners

5775 was a solid area, now turned support

Flow is sideways

Currently no clear direction

Going to watch if it for a 5800 retest - not taking a position unless confirmations are there

ajlaxmn · 03-05-2025, 10:51 AM

Quote:

Originally Posted by Blazed

Out of runners

5775 was a solid area, now turned support

Flow is sideways

Currently no clear direction

Going to watch if it for a 5800 retest - not taking a position unless confirmations are there

Out as well, held a little longer than 5775, wasn't tracking that, did you get that from intra day S/R on the 1m?

Held until SPY broke VWAP.

Blazed · 03-05-2025, 11:05 AM

Quote:

Originally Posted by ajlaxmn

Out as well, held a little longer than 5775, wasn't tracking that, did you get that from intra day S/R on the 1m?

Held until SPY broke VWAP.

Intraday today on the 5 min, and yesterday's daily chart

Blazed · 03-05-2025, 11:46 AM

Quote:

Originally Posted by Blazed

SPX: 5800 key level / 5865 / 5750 / 5700 / 5696

SPX spread 5700/05 / 5840/45

There's 5750. Missed it, but that fake push up when flow was sideways then drop was a nice play

The games MM's play

Blazed · 03-05-2025, 02:22 PM

Quote:

Originally Posted by Blazed

SPX: 5800 key level / 5865 / 5750 / 5700 / 5696

SPX spread 5700/05 / 5840/45

Check out the gamma today on SPX strikes 5700 5750 5800 5850

Great day today

Took some calls above 5800 with flow. All out here

Up $85k this week so far

Would love to see the volatility continue all year.

This is the best type of market to day trade in

Back at it tomorrow

lane121 · 03-05-2025, 04:04 PM

I took calls (5 SPY contracts) around 10 est with that pump up in the morning with strong volume early thinking we’d continue upwards. Took a $450 loss.

Blazed · 03-05-2025, 05:49 PM

Quote:

Originally Posted by lane121

I took calls (5 SPY contracts) around 10 est with that pump up in the morning with strong volume early thinking we’d continue upwards. Took a $450 loss.

Were you watching flow?

Quote:

Originally Posted by Blazed

Flow is sideways

Currently no clear direction

Quote:

Originally Posted by Blazed

There's 5750. Missed it, but that fake push up when flow was sideways then drop was a nice play

The games MM's play

Blazed · 03-06-2025, 08:30 AM

Looks like another fun day in the markets lol

Blazed · 03-06-2025, 09:30 AM

As soon as I saw MRVL numbers I thought the market was farked. Terrible numbers. Looks like 2025 is going to be a great market for day trading, buy and hold, not so much.

SPX: Watch the SPX spread from yesterday and whole psych numbers

Watching:

TSLA: watching the downside gap (check charts)

When the market is volatile like this watch flow and if its not confirming with volume, stick to what you see on flow. A lot of fake outs with volume this week

ajlaxmn · 03-06-2025, 06:01 PM

I owe an update from 3/5.

First trade - when SPY pumped up at 10 with massive buying, I waited, checked first because I forgot about data, so I checked twitter and say report Trump might walk back tariffs, took one Put at top for pull back, didn't pull back with the same momentum it pumped with, so sold for quick $38 gain. Nothing big, just practicing taking a position off data and fake volume.

Second trade - almost considering Calls at 10:07, but since the push up was off data, wasn't certain of call position, but was going to wait for a retest of 5800 (past mistakes by me would have been to get into 5800 with break above). 10:09 candle closed at 5800, next candle rejected and broke below ATR, next candle rejected ATR, still didn't enter Puts. Didn't enter puts until 10:14, with trend/volume, reject of ATR and key level above. Cut one contract at 15 point move, next at previous close. Market was not making big moves down so wanted to capture the 15 point move, then the next at previous close. Was looking for 5757 ATR with runner, but market pushed up so I cut position with break above previous close (5775 was the better level to cut; Blaze S/R from previous day).

lane121 · 03-06-2025, 06:36 PM

Quote:

Originally Posted by ajlaxmn

I owe an update from 3/5.

First trade - when SPY pumped up at 10 with massive buying, I waited, checked first because I forgot about data, so I checked twitter and say report Trump might walk back tariffs, took one Put at top for pull back, didn't pull back with the same momentum it pumped with, so sold for quick $38 gain. Nothing big, just practicing taking a position off data and fake volume.

Second trade - almost considering Calls at 10:07, but since the push up was off data, wasn't certain of call position, but was going to wait for a retest of 5800 (past mistakes by me would have been to get into 5800 with break above). 10:09 candle closed at 5800, next candle rejected and broke below ATR, next candle rejected ATR, still didn't enter Puts. Didn't enter puts until 10:14, with trend/volume, reject of ATR and key level above. Cut one contract at 15 point move, next at previous close. Market was not making big moves down so wanted to capture the 15 point move, then the next at previous close. Was looking for 5757 ATR with runner, but market pushed up so I cut position with break above previous close (5775 was the better level to cut; Blaze S/R from previous day).

Nice patience and great trades man. I got caught up the other day taking calls with that big push up. I only saw and took into account the 9:45 data at the time, so I thought we'd continue upwards with that massive volume.

Blazed · 03-07-2025, 09:37 AM

Nice 30+ point pump off data this morning

Powell @ 12:30 Consumer credit @ 3

No trades today until Powell and might not trade then either. No reason to give back gains from the week so we'll see

Blazed · 03-07-2025, 12:27 PM

Powell in 3

lol

Blazed · 03-09-2025, 07:06 PM

Futures lol

The market will break a lot of people but it will also create a lot of generational wealth for people who aren't lazy and clueless

Another volatile week in the market is going to be nice for day trading

ajlaxmn · 03-09-2025, 08:08 PM

Think I will look to close out my march puts some point this week, walk away with not as big of a loss, might see how data in middle of week moves market. All the time chopping around 600 really cooked the premiums so we would need big move down to put me in the green.

Lessons learned.

Sent from my iPhone using Tapatalk

Blazed · 03-10-2025, 08:29 AM

Hoping for another great week in the market. Violent drawdowns invoke violent price action both ways lol

SPX: 5700 key level / 5750 (5789) / 5650 (5611) Also watch SPX (SPY too) to retrace towards the 20dma and mark it

Don't force anything, if you miss it you miss it

When you "buy the dip" but the dip keeps dipping lol

Exactly why you have entry price targets usually around specific MA's like 200/100/50 vs. "I'm buying the dip" because they heard Cramer or some other goofy say that. Buying dips without knowing why is the best way to stunt account growth and panic during extended pull backs

Blazed · 03-10-2025, 10:01 AM

Quote:

Originally Posted by Blazed

Hoping for another great week in the market. Violent drawdowns invoke violent price action both ways lol

SPX: 5700 key level / 5750 (5789) / 5650 (5611) Also watch SPX (SPY too) to retrace towards the 20dma and mark it

Don't force anything, if you miss it you miss it

When you "buy the dip" but the dip keeps dipping lol

Exactly why you have entry price targets usually around specific MA's like 200/100/50 vs. "I'm buying the dip" because they heard Cramer or some other goofy say that. Buying dips without knowing why is the best way to stunt account growth and panic during extended pull backs

SPX: 5700 key level✅- if you caught this reject you can take the rest of the week off. I'm all out and done for the day

Gains from this trade $25.7k

PMI and CPI this week too lol

Back at it tomorrow

lane121 · 03-10-2025, 11:04 AM

Hey Blazed, when it's extremely volatile, like it has been the last few weeks, would you suggest expanding the stop outs a little too? Generally, I think a break 5-6 pts away from entry is more than enough you've said- but when we are getting bigger moves I was just curious if a break or close above HOD would have been a stop or the next closest ATR of 5713? I know when the market changes we adapt, but I wasn't sure if applying that same thought process to stop outs would be recommended as well. Thanks!

Blazed · 03-10-2025, 12:44 PM

Quote:

Originally Posted by Blazed

In here @ pre-market highs -SPY250331P570

Sold 1/2 here, holding half for CPI/PPI

03-05-2025, 10:01 AM	#3228
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,257 Blazed Blazed	And that's why you get out before news What a candle lol __________________ Everyday you wake up you’re guaranteed a chance and a choice. What you do with them is up to you. Make it a great day, or not. The choice is yours 🫡

03-06-2025, 08:30 AM	#3239
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,257 Blazed Blazed	Looks like another fun day in the markets lol __________________ Everyday you wake up you’re guaranteed a chance and a choice. What you do with them is up to you. Make it a great day, or not. The choice is yours 🫡

03-06-2025, 09:30 AM	#3240
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,257 Blazed Blazed	As soon as I saw MRVL numbers I thought the market was farked. Terrible numbers. Looks like 2025 is going to be a great market for day trading, buy and hold, not so much. SPX: Watch the SPX spread from yesterday and whole psych numbers Watching: TSLA: watching the downside gap (check charts) When the market is volatile like this watch flow and if its not confirming with volume, stick to what you see on flow. A lot of fake outs with volume this week __________________ Everyday you wake up you’re guaranteed a chance and a choice. What you do with them is up to you. Make it a great day, or not. The choice is yours 🫡

03-06-2025, 06:01 PM	#3241
ajlaxmn Member Join Date: Nov 2009 Location: Turner, ME Posts: 7,277 ajohnbarker	I owe an update from 3/5. First trade - when SPY pumped up at 10 with massive buying, I waited, checked first because I forgot about data, so I checked twitter and say report Trump might walk back tariffs, took one Put at top for pull back, didn't pull back with the same momentum it pumped with, so sold for quick $38 gain. Nothing big, just practicing taking a position off data and fake volume. Second trade - almost considering Calls at 10:07, but since the push up was off data, wasn't certain of call position, but was going to wait for a retest of 5800 (past mistakes by me would have been to get into 5800 with break above). 10:09 candle closed at 5800, next candle rejected and broke below ATR, next candle rejected ATR, still didn't enter Puts. Didn't enter puts until 10:14, with trend/volume, reject of ATR and key level above. Cut one contract at 15 point move, next at previous close. Market was not making big moves down so wanted to capture the 15 point move, then the next at previous close. Was looking for 5757 ATR with runner, but market pushed up so I cut position with break above previous close (5775 was the better level to cut; Blaze S/R from previous day). __________________ Die hard Chargers Fan from the State of Maine. "Always with them negative waves"- Oddball "Uh-uh, I don't tip"- Mr. Pink

03-07-2025, 09:37 AM	#3243
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,257 Blazed Blazed	Nice 30+ point pump off data this morning Powell @ 12:30 Consumer credit @ 3 No trades today until Powell and might not trade then either. No reason to give back gains from the week so we'll see __________________ Everyday you wake up you’re guaranteed a chance and a choice. What you do with them is up to you. Make it a great day, or not. The choice is yours 🫡

03-05-2025, 04:04 PM	#3237
lane121 Member Join Date: Jul 2011 Posts: 1,760	I took calls (5 SPY contracts) around 10 est with that pump up in the morning with strong volume early thinking we’d continue upwards. Took a $450 loss.

03-07-2025, 12:27 PM	#3244
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,257 Blazed Blazed	Powell in 3 lol __________________ Everyday you wake up you’re guaranteed a chance and a choice. What you do with them is up to you. Make it a great day, or not. The choice is yours 🫡

03-09-2025, 07:06 PM	#3245
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,257 Blazed Blazed	Futures lol The market will break a lot of people but it will also create a lot of generational wealth for people who aren't lazy and clueless Another volatile week in the market is going to be nice for day trading __________________ Everyday you wake up you’re guaranteed a chance and a choice. What you do with them is up to you. Make it a great day, or not. The choice is yours 🫡

03-09-2025, 08:08 PM	#3246
ajlaxmn Member Join Date: Nov 2009 Location: Turner, ME Posts: 7,277 ajohnbarker	Think I will look to close out my march puts some point this week, walk away with not as big of a loss, might see how data in middle of week moves market. All the time chopping around 600 really cooked the premiums so we would need big move down to put me in the green. Lessons learned. Sent from my iPhone using Tapatalk __________________ Die hard Chargers Fan from the State of Maine. "Always with them negative waves"- Oddball "Uh-uh, I don't tip"- Mr. Pink

03-10-2025, 08:29 AM	#3247
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,257 Blazed Blazed	Hoping for another great week in the market. Violent drawdowns invoke violent price action both ways lol SPX: 5700 key level / 5750 (5789) / 5650 (5611) Also watch SPX (SPY too) to retrace towards the 20dma and mark it Don't force anything, if you miss it you miss it When you "buy the dip" but the dip keeps dipping lol Exactly why you have entry price targets usually around specific MA's like 200/100/50 vs. "I'm buying the dip" because they heard Cramer or some other goofy say that. Buying dips without knowing why is the best way to stunt account growth and panic during extended pull backs __________________ Everyday you wake up you’re guaranteed a chance and a choice. What you do with them is up to you. Make it a great day, or not. The choice is yours 🫡

03-10-2025, 11:04 AM	#3249
lane121 Member Join Date: Jul 2011 Posts: 1,760	Hey Blazed, when it's extremely volatile, like it has been the last few weeks, would you suggest expanding the stop outs a little too? Generally, I think a break 5-6 pts away from entry is more than enough you've said- but when we are getting bigger moves I was just curious if a break or close above HOD would have been a stop or the next closest ATR of 5713? I know when the market changes we adapt, but I wasn't sure if applying that same thought process to stop outs would be recommended as well. Thanks!