Market Analysis - 2/25/2024

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Strategy Post - 3/18/2024 - The Greeks of Options: What are they? (1/5 in the Greeks Series)

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Hi readers, I hope you are all doing well! In this post, I will be giving you a small piece of exposure to the Greeks of options. Understanding what the Greeks are will definitely help an options trader make great adjustments to positions, and understanding how the Greeks work together will result in an options trader being very fundamentally sound and very profitable. This is the first post in a 5-post series, where each post will cover one of the 5 Greeks of Options. Today's post will cover what Delta is, I hope you enjoy! First, here is some background on what Greeks are in Options trading. Greeks are simply types of risk measures that options have. Greeks also measure changes in options price, time value, volatility, and more in result of any change in the underlying stock.  The Greek we will cover today is called Delta. What is Delta? Delta measures how much the price of an option will change due to a $1 change in the underlying stock. The deltas for long call options and shor...
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3/10/2024 - Weekly Recap + Market Predictions

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Hi Readers, I hope you are doing well! In this post, I will be covering what my account has been looking like over the past week. Since my positions did not change much over this past week, I will also include the market predictions for the next week in this post as well. I hope you enjoy! WEEKLY RECAP: Monday and Tuesday: I did not trade or make any adjustments on my account Wednesday: I entered a Long QQQ ATM Straddle 10 times in the April 5 expiration date. At the time of purchasing the spread, QQ was near $441, so I purchased the straddle at a $441 strike price. On Wednesday, QQQ was at its high for the day when I purchased the straddles, and for the rest of the day (after I purchased the straddles), QQQ proceeded to go down all the way to around $438, where it ended the day. So, the puts were most likely in the money then. Thursday: I did not trade or make any adjustments on my account. However, on this day, QQQ made a huge spike up, and ended the day at around $446.  Friday: ...
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 Hi readers! This is just a routine update on my position. I have made a good amount of adjustments, so here are the updates: For my QQQ spread, the stock price went all the way down to around 355, so my 364 puts were making a lot of money, but my 364 calls were losing a lot of money, too. So, I tightened the position by selling the calls and buying 10 of the Nov 3 353 calls, just to tighten the position and hedge against a big move back to the upside. Also, I calculated the thetas and deltas for my position, so to bring them near 0, I shorted 10 of the Nov 3 360 calls. This has also profited so far, and I am happy about that. Overall, I am currently making a nice profit on my QQQ position. For AMD, I am down by a bit of money, but that is primarily because of my straddle. I tightened it recently, so the photo below will show my current position on AMD. Tomorrow, I plan to exit the 99 calls and maybe the 96 short puts. My plan is to sell the 99 calls and buy calls near the current ...
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