February 14
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades Taken: 2
Trade Plan
Plan: Clean morning session yesterday, followed by a squeeze to end the day. Premarket action fairly flat with 15 minutes to go. QQQ is the best setup with a push into 538.17 gap for a short, and end of day vwap/previous range around 533.17 for a try at the long. SPY would be a test of ATH at 610.78, although that is closer than the QQQ short. Long on SPY would be 607.54 previous range, moving averages may be there for a protection of first test as well.
Result: Market pushed out of the gate. While it was closer than I usually like for a Friday, I did take SPY 611 puts as we broke morning highs, averaging on the push, getting out on first pullback. Nice trade out of the gate. QQQ broke morning highs and got halfway between previous close and ATH gap fill 538.17, so I put in a starter size trade on QQQ 539 puts, and a nice quick 10% reaction here as I sniped the high candle (shows as a “low candle” on entries chart as the entries chart reflects the OPTION value). Two nice base hits to add to a stellar week.
February 13
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades Taken: 5
Trade Plan
Plan: A gap up this morning, again following 8:30 numbers/news. SPY I like 605.31 gap fill for a short, reset up at 607.65. Long on SPY I like end of day vwap, but may start at previous close if we open up high enough. QQQ is battling trend yet again here in premarket. A blast through trend and I like a retest of that long, but a short up at 533. Moving averages should protect the long at the previous close if that sets up.
Result: A very traditional 3-minute move to open the day, I go with SPY 606 puts AND QQQ 533 puts. Notice my slip up on QQQ, second round of buying was supposed to be a sell. All good, I exited immediately as I rules call for when I make a mistake like that. Regardless, both early shorts worked very well for base hits. I then took the following move with SPY 602 calls as SPY went into previous close, nailing this area twice for a couple of in and out base hits. Then came SPY 608 puts as SPY made it halfway between levels, and QQQ hitting a trigger. I like the extension possibility on SPY so went there instead of QQQ short. Took profit on first move of SPY short, and then entered again up near 608 level with SPY 608 puts 2nd. Another nice reaction here within minutes, right at level, nice extension.
February 12
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades Taken:4
Trade Plan
Plan: Significant gap down this morning on CPI release. QQQ is my top watch at 518 range for a long if we slip the 20 and 50 ma. Anywhere near yesterday’s lows is the best short opportunity.
Result: Started the morning on a dip, I went with SPY 597 calls early for a nice first directional pick play. I elected to not take the short on the first push up as news at 10:00 was coming. I waited for pullback and took SPY 598 calls for a nice average play. Third trade came on SPY 603 puts as we pushed right into proper level with moving average protection. Ended the morning with QQQ 528 puts as we squeezed past high of day and right near gap fill.
February 11
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades:
Trades Taken:1
Trade Plan
Plan: Another day of clean action yesterday. QQQ styed just under that trend, but it didn’t test until later in the morning. A gap down this morning and Friday’s gap fill presents opportunity for a long. Yesterday’s close for a short on both markets. Looks like moving averages may conflict with the first move based on where we open up, we’ll see.
Result:
February 10
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades:
Trades Taken:1
Trade Plan
Plan: Methodical sell off on Friday. A gap up this morning putting the markets in an interesting spot for market open. Moving averages on SPY could be a first long IF we open above them. Too close of an open on moving averages, and I’d be looking at previous close for the long instead. Short trade on SPY I like 606.32 area risking into Friday’s highs. QQQ worked well off the trend on Friday. I like another straight shot into that for a first reaction short. Long, similar to SPY, moving averages 5 and 9 could present itself, otherwise, a dip into previous close.
Result: Market dipped out of the gate, I went with SPY 601 calls for a nice play.