ThetaTactics

 Hi readers! I am excited to bring you today's post, Market Monday! Today I will be analyzing the charts for AMD and QQQ, and I will be making some predictions on what I think will happen in the next week. Here is the update: Above is the chart for AMD. I have marked a key demand zone, which was a key supply zone before the stock broke through it and retraced back. As we can see, before the 24th, AMD  was consolidated, and it broke through. So, I was right in the previous market analysis post, as I thought it would either break through or consolidate. We can see here that in the past week, AMD has broken through its previous supply zone at 174, and has created a new supply zone as its latest high point. After that, we can see that AMD hit its previous supply zone at 174 a couple of times and bounced back up, making that at new demand zone. The new supply zone (new highest point) is at around 184, as indicated by the line on the picture. After this analysis, I believe that AMD ...

Hi readers! I hope you are all doing amazing! This is going to be a huge update, as it will contain the Trade Talk Thursday AND the Strategy Saturday post. Here is the Trade Talk Thursday post: Right now, I have on 2 positions: the AMD position and the QQQ position.  The last thing I did to adjust the QQQ position was adjusting the puts, which I mentioned in the last post. Since then, on January 22 (Monday), I bought 10 of the Feb 09 $423 puts. This was just to bring my deltas near 0, and to hedge against any huge move to the downside. I realized that the short puts and the long calls were strongly biased towards the upside, and I needed to hedge that and bring my deltas near 0, so I bought the 10 puts. Then, on January 23 (Wednesday), I tightened the 423 puts I bought on Monday, by closing out of them and buying the 425 puts, all in the same expiration cycle of Feb 09. I bought 8 of the $425 puts, so i would not heavily exceed the credit I received from selling the 423 puts to clo...

Hi readers! This is a HUGE update for both the blog and on my options trading positions! Here is the update: I will be starting a different upload schedule. Every Monday, I will be uploading a Market Analysis, or Market Monday! Every Monday, I will be looking at the charts for the stocks on which I have options positions on, and I will be using technical analysis to guess/predict where the stock will go in the next week. I will also do some research on the stocks to incorporate some fundamental analysis into my predictions. Every Thursday, I will be uploading a TradeTalk post, or TradeTalk Thursday! Every Thursday, I will be uploading a post talking about what I did in my options positions in the past week, and what I plan to do on Friday. This will include adjustments I made, new positions I made, positions that I closed, and explanations and my reasoning behind each move. Every Saturday/Sunday, I will be uploading a Strategy post, or Strategy Saturday/Sunday! Every weekend, I will up...

Hi readers! I hope everyone is doing well! I apologize for the long wait, here is the update: The AMD and QQQ positions stayed the same, as I just wanted to hold them until expiration. I was up a decent amount of money on both, but when combining the costs of the previous adjustments on both positions, the profit was not too great. The options expired on the 12th of January, so I closed them out then, and made little profit. I was not too happy with these positions regarding the profits, but I was very happy because I learnt an important lesson. From this specific round of positions, one thing I learnt was that right after big holidays, or multiple days of the stock exchange closing, stocks are really volatile, as right after New Years, all 3 stocks I had positions on (AMD, QQQ, SPY) went straight down, by a lot as well. The more unfortunate thing was that when making adjustments, I looked at the stock charts and predicted that the stocks would go up, because all 3 stocks were on a big...

Hi readers! I hope everyone is having a great start to the New Year! This is just an update on the trades/adjustments that I made this week. Here is the update: On Wednesday, I first adjusted the AMD position. First, I closed out of the long 142 calls, I closed out of the short 143 puts, and then I shorted the 133 puts, all in the January 12 expiration cycle. I also bought 5 of the 135 calls, again in the January 12 expiration cycle. This was to manage my deltas and maintain them near 0, specifically the deltas and thetas. Then, for my QQQ position, I closed out of the long 405.78 calls. Then, I bought a vertical spread 10 times that consisted of short 401.78 calls and long 400.78 calls. This was all in the January 12 expiration cycle. I did this to also maintain the deltas and thetas in the QQQ position near 0. Some of the adjustments I made were also made to simply tighten the spread. On Friday, I went ahead and just closed out of my SPY position. I made an overall profit of around $...