2 years ago
22
2
Posted On: June 21st 2024, 06:56 pm
Haven’t done one of these in a while! I took 3 trades today. One that wasn’t as significant as the others, so I’ll explain my thoughts on the first 2.
The sentiment for the day was bearish because we had a sell off yesterday. SPX did bounce this morning, and I didn’t take the bounce because of news at 9:45 and 10, so I waited patiently for key levels to be hit & watched price action for a rejection at each level.
First level was near the opening print, where I took 5450 puts & sold on a move down. Second level was PDC, where I saw the double top formed, and then I proceeded to take 5455 puts. Far out of the money, but I was essentially just looking for a quick move for profit.
Kept things simple today, and it paid off.
#tradesbycase #spx
PS: This is my ONLY account, and I will never try to sell you anything. Specially a dream on crypto, so please don’t fall for the trap that the fake account using my name is trying to sell you.
The sentiment for the day was bearish because we had a sell off yesterday. SPX did bounce this morning, and I didn’t take the bounce because of news at 9:45 and 10, so I waited patiently for key levels to be hit & watched price action for a rejection at each level.
First level was near the opening print, where I took 5450 puts & sold on a move down. Second level was PDC, where I saw the double top formed, and then I proceeded to take 5455 puts. Far out of the money, but I was essentially just looking for a quick move for profit.
Kept things simple today, and it paid off.
#tradesbycase #spx
PS: This is my ONLY account, and I will never try to sell you anything. Specially a dream on crypto, so please don’t fall for the trap that the fake account using my name is trying to sell you.
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