Trading overview pt.3 look back on a few trades taken today : options
The afternoon was pretty slow so I was posting and drawing on charts in the room to give an idea of what I was looking at. The circled areas above are what I was targeting the circle area below is the poor low I bought after the morning flush, targeting the areas above. I use spy chart for ease but I trade es and spx.
I ended up getting flat at the orb high and scalping es to the downside, just playing off what I saw on the order book after I took profits.
One with a time stamp from when I was asked when I was going to start taking some profits
Another banger today was NVDA. I swung call spreads from Friday when it was under 295 targeting the circled area.
Next NVDA trade was a bit more risky I Started buying contracts around the AH high and was prepared to keep loading to mid 290’s targeting the hod, essentially same trade as long index’s just tried to get some added convexity out of the NVDA calls, but I knew it was weak after failing to get past the highs above and putting in a lower high so I ended up taking a buck profit on the calls around poc when I saw the tape start to get stale.
AMZN finally gave a incredible move today. I’ve been planning this trade for a few days but I missed the exact bottom since I wanted it a tad bit lower. Ended up taking it on orb to the upside then scalping it down a few times. Still worked out to a really great trade posting just to highlight the set up. and what I’ve been looking for the past week or so.
Circled areas are thin volume areas and they just kept stacking up and stacking up. The perfect set up would have been a bit lower in the 3300’s like a kiss of 3312 with a burst of volume while the index’s bid firmed up but can’t let perfect get in the way of good enough.
Just put this together real quick ill try and spit a few more of these out time to time and save more screen shots throughout the day.