The Daily Trade

The Daily Trade

Every day is a new chance to make money

Retirement Day Trader offers you the opportunity to sell options to pursue consistent, steady income.

Using a strategy deployed by Warren Buffett, large hedge funds and institutions, you can use this simple, proven strategy to generate steady returns to supplement your retirement income or grow your net worth faster. 

All you have to do is find overvalued options, determine underlying trends and then sell the options to collect the premium. Start selling options today and be "the house," not the chump, and then sit back, relax and trade happy with our special group of members.

Modern Monetary Theory
Money Tree.

The Daily Trade

Important Disclosures and Disclaimers regarding Options:

U.S. Government Required Disclaimer-

Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD) which can be obtained from your broker, by calling (888) OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, IL 60606. The content on this site is intended to be educational and/or informative in nature. No statement on this site is intended to be a recommendation or solicitation to buy or sell any security or to provide trading or investment advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions.

Stocks, forex, futures, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using this methodology or system or the information in this letter will generate profits or ensure freedom from losses.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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The Daily Trade: November 10, 2021: New Yellow Flag Alert!

The Daily Trade: October 28, 2021

US Economy Remains on Track

Back to "green flag" mode and new records!

Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 15, 2021

 

 

Inflation Revving Up

Red and green growth chart isolated on white background. Business concept.

Another green day for the markets! : Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 13, 2021

 

Bears Looking for a Correction

Businessman against black bear on red arrow downward trend line with sky cityscape background. Fight back bearish market concept.

Another weak day in the markets: Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 12, 2021

 

Bears Looking for a Correction

Businessman against black bear on red arrow downward trend line with sky cityscape background. Fight back bearish market concept.

Another weak day in the markets: Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 11, 2021

The Daily Trade: October 5, 2021

Bears Gain Control of Market

Businessman against black bear on red arrow downward trend line with sky cityscape background. Fight back bearish market concept.

Big up day after yesterday's sell off.

Watch today's recap and update on our trades for today, current positions and strategies!

Get our free eBook and newsletters!

The Daily Trade: September 28, 2021: Market sells off and red flags

Bears Looking for a Correction

SPX dumps and "red flag" mode is on!

Markets sold off hard today on worries about the debt ceiling, rising interest rates, inflation and overvaluations.

Watch today's recap and update on our trades for today, current positions and strategies!

 

Get our free eBook and newsletters!

The Daily Trade: September 20. 2021: Market sells off and red flags

Bears Looking for a Correction

SPX dumps and "red flag" mode is on!

Markets sold off hard today on worries about the debt ceiling, this week's Fed meeting and China contagion.

Get our analysis and latest positions updates!

Get our free eBook and newsletters!

The Daily Trade: May 12, 2021

Yellow Flag Warning on S&P 500!

Today's decline of 2.14% on the S&P 500 took major indexes into "yellow flag" mode, signaling the end of the bull run, at least for now, and a warning that a change in climate could be ahead.

The SPX delcined 2.1% while big tech swooned.

We added new spreads for Friday's expiration which includ an SPX trade that expired today, allowing us to take all of the profits.

Other positions for Friday include Adobe, Amazon, Alibaba, NVIDIA, Teledoc, PayPal, Nitflix, Twaiwan Semiconductor and Zoom.

Get our free eBook and newsletters!

The Daily Trade: May 5, 2021: Bullish day and new positions!

Get our Free eBook!

Big week so far and quite a lot of volatility.

So far, we've closed two SPX vertical put spreads and have one open for Friday expiration.

We started our "CAT SHOT" strategy with the first two trades fizzling but then the next two off to a better start.

Tomorrow (Thursday) we will position some trades for Friday expiration.

Green flag conditions persist, although, louder chatter about inflation and rising interest rates 

continues to grow.

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag conditions continue to persist.

Expansion Continues

The Daily Trade: May 3, 2021: Bullish day except for tech and we launch the "Cat Shot" strategy!

Get our Free eBook!

Another green day except for the Nasdaq and big tech names like GOOG (-0.62%) FB (-0.77%) AMZN (-2.3%) NFLX (-0.85%) and TSLA off 3.5%.

We made 3% on a one day SPX bullish put spread and opened trading in our new strategy, "THE CAT SHOT'"

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag, bullish conditions prevail. 

The Daily Trade: April 28, 2021: Indexes slip and we add new spreads

 Get our Free eBook!

 

Indexes slip in spite of Fed Chief promising no change to interest rates and positive earnings.

Google keeps flying, MicroSoft slipped, Amazon jumped, Apple was flat and Tesla fell 1.47%.

We added one new spread that expired today, a 1 day SPX Put that gave us a profit of 3.3.%

Yesterday's SPX Put spread also expired today, a 2 day trade with a 5% gain.

Nw spreads for Friday expiration:

  • 30 APR FB 330/335 CALL (IRON CONDOR WITH YESTERDAY'S PUT)
  • 30 APR NFLX 520/525 CALL

Get our Free eBook and newsletters!

 

Green flag, bullish conditions prevail. 

The Daily Trade: April 27, 2021: Stocks flat and we add new trades

Flat day on Wall Street as earnings flow in.

Pinterest got crushed after hours (down 10%) on slowing growth, and we liked that with our bear call spread benefiting from the fall.

Google jumped 5% in the extended session on good news. NetFlix remains weak.

We added more vertical credit spreads today with expirations scheduled for Friday:

  • 28 APR SPX 4120/4115 PUT
  • 30 APR PINS 87/89 CALL
  • 30 APR FB 280/275 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach as we head for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 26, 2021: Mixed day and new trades

Mixed day on Wall Street as the SPX and NDX rallied and Dow slipped a fraction.

Big week for earnings ahead with marquee names on deck led by Tesla today which reported banner Q1 sales.

We got the week off to a good start with a one day credit spread in SPX which expired in our favor for a 3% gain.

Other positions opened today include:

  • 30 Apr PTO 10/12 CALL
  • 30 APR NVAX 180/177.5 PUT
  • 30 APR SWKS 187.5/185 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach.

Green flag, bullish conditions prevail. 

The Daily Trade: April 22, 2021: Biden tax proposal is a late afternoon cold shower for markets

Rumors of rising capital gains taxes spooked markets this afternoo with the S&P 500 dropping 0.92%.

We put on several new trades for tomorrow's expiration:

  • 23 APR SPX 4215/4220 CALL
  • 23 APR AMZN 3290/3285 PUT
  • 23 APR NFLX 517.5/522.5 CALL
  • 23 APR GOOD 2252.5/2247.5 PUT
  • 23 APR TSLA 695/690 PUT
  • 23 APR NVAX 197.5/192.5 PUT
  • 23 APR TDOC 187.5/192.5 CALL

Note that our 21 April Iron Condor in SPX expired today at market close for full profit.

We will continue adding positions tomorrow, looking for Iron Condor opportunities, and positioning ourselves for tomorrow's expiration with a diversified combination of calls and puts.

In spite of today's spasm:

Green flag, bullish conditions prevail. 

The Daily Trade: April 20, 2021: market's cool off

The SPX declined again today, down 0.7%, with "big tech" leading the way lower.

Earnings are underway and will be driving the news.

Netflix got killed in the after hours, down 8%, with AAPL off 1.26% and Amzn down 1.1% in the regular session.

We exited call options for profit, (new "Cat Shot" portfolio in test mode, not available to public yet)  in AAPL, GOOG and SPY today and look forward to introducing that to members in the near future.

In our public portfolio, we added an SPX call to form an Iron Condor going into tomorrow's expiration and are working up a basket of trades to start tomorrow to position for Friday.

Green flag, bullish conditions prevail. 

The Daily Trade: April 19, 2021: market chop continues

The SPX declined slightly today, down 0.53% while "big tech" was off with AAPL dropping 0.5%, GOOG off 0.2% and AMZN off 0.8%.

We placed two trades, a one day SPX Call expiring today which expired out of the money, allowing us to keep all of the premium, and an SPX put spread expiring on Wednesday.

Looking forward to a great week.  

In spite of today's small declines:

Green flag, bullish conditions prevail. 

The Daily Trade: April 15, 2021: markets rally back

Good day today as tech and the S&P 500 rallied.

We added the following spreads with expirations for tomorrow:

  • SPX Put
  • AMZN Put
  • FB Call
  • SQ Put
  • NFLX Put
  • Goog Put
  • BIDU Call
  • TSLA Call
  • TDOC Iron Condor
  • RIOT Call

Green flag, bullish conditions prevail. 

The Daily Trade: April 14, 2021: markets slip; as tech declines

We had some negative returns today as tech slipped and the S&P 500 declined 0.41%.

We added new trades including a one day SPX credit spread, and bear call spreads in NVDA and BABA.

More trades to come tomorrow as we set up for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 13, 2021: One trade for tomorrow expiration and some new positions for Friday expiration!

Added some some trades for tomorrow and Friday expirations!

Added an SPX vertical credit spread for tomorrow's expiration.

Setting up for Friday Pay Day with spreads in MARA, RIOT, and GME

5 trades for the week so far!

Green flag, bullish conditions prevail. 

The Daily Trade: April 12, 2021: Good one day trade to start the week!

Good one day SPX trade to get the week started!

We set up a one day vertical credit spread in SPX, for a quick $350 profit on$5,000 margin, a quick 7%, one day profit.  (Shhhh! Don't tell the trading gods so we don't make them mad!)

"Tomorrow's another day," as Scarlett used to say, and we're psyched about opportunities in GME, CCIV, MARA and GSX! 

Green flag, bullish conditions prevail. 

The Daily Trade: April 9, 2021: Friday PayDay and New Records!

It's Friday PayDay!

And new records for the Dow and S&P 500

We added six new one day positions for today's expiration:

  • 9 APR SPOT 277;5/282.5 CALL
  • 9 APR INTU 415/410 PUT
  • 9 APR MARA 50/55 CALL
  • 9 APR ADBE 505/510 CALL
  • 9 APR BIDU 227.5/232.5 CALL
  • 9 APR NBDA 580/585 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term which reduces risk and puts Theta (time decay) squarely in our favor.

Green flag, bullish conditions prevail.

The Daily Trade: April 8, 2021: Bullish market continues

Market advance continues:

We added new positions today on the way to tomorrow's expiration:

  • 9 APR BABA 235/240 CALL
  • 9 APR AMZN 3390/95 CALL
  • 9 APR PAYPL 257.5/252.5 PUT
  • 9 APR GOOD 2185/2180 PUT
  • 9 APR NFLX 542.5/537.5 PUT
  • 9 APR TSLA 7175./722.5 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term heading into Friday's expiration.  This provides reduced risk and puts Theta (time decay) squarely in our favor.

We also have one Iron Condor position in AMZN and will look for more opportunities in one day trades tomorrow.

Green flag, bullish conditions prevail.

The Daily Trade: April 7, 2021: Markets move fractionally higher

Quiet day on Wall Street as markets moved fractionally higher.

We conitnued adding new positions as we head towards Friday expiration.

  • Our SPX iron condor spread expired with both legs out of the money, allowing us to keep the full premium.
  • We added a new 9 APR SPX 4000/3995 Put for Friday expiration.
  • We added a 9 APR ETSY 210/15 Call spread for Friday expiration
  • New 9 APR OSTK 67/70 Call Soread
  • New ABNB 192.5/197.5 Call Spread

  Tomorrow will be a busy trading day as we take two day spreads to line up for Friday expiration.

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

The Daily Trade: April 6, 2021: Mixed markets today

Mixed markets today after recent records.

We added the following positions:

  • 7 APR SPX 4130/35 PUT
  • 9 APR AMZN 3130/25 PUT

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

 

The Daily Trade: April 1, 2021: Friday pay day comes early!

Friday Pay Day came early this week with the market closed tomorrow for Good Friday.

We opened the followig 1 day vertical credit spreads today:

  • 1 APR SPX 3965/3960 PUT
  • 1 APR AMZN 3085/3080 PUT
  • 1 APR TSLA 660/655 PUT
  • 1 APR GOOG 2085/2080 PUT
  • 1 APR VIAC 45/50 CALL

The S&P 500 rallied to close above 4,000 for the first time in history, up 1.2% on the day.

The Dow rose 0.5% and the NASDAQ jumped 1.8%.

Markets always like free money and so the Biden Administration's stimulus programs are being well received.

 

Green flag, bullish conditions prevail.

The Daily Trade: March 30, 2021

Getting busier towards the end of the Holiday shortened week.

We added the following vertical credit spreads for Thursday expiration:

  1. SPX Bull Put
  2. AMZN Bear Call
  3. AMAT Bull Put
  4. TSLA Bear Call
  5. NFLX Bear Call
  6. ADBE Bull Put
  7. VIAC Bear Call
  8. GOOG Bull Put
  9. BLNK Bull Put
  10. TSLA Bear Call

AMAT is now an iron condor and we'll look for additional iron condor opportunities to place tomorrw going into Thursday's close.

Tomorrow we'll also place our customary Wednesday 1 day trade on SPX.

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods

The Daily Trade: March 29, 2021

Markets started the week flat but remian in a  configuration at overbought levels.

Today, Retirement Day Trader entered a one day SPX 3930/3925 Bullish Put spread which expired worthless, allowing us to keep all of the premium.

Other positions added were a 1 APR AMAT 230/160 Call Spread and a 1 APR FB 280/275 Bullish Put spread.

Weekly options expire on Thursday this week due to the markets being closed for Good Friday.

 

The Daily Trade: March 25, 2021

Markets gained some ground today on better than expected employment and COVID news.

We added the following positions today to set up for "payday Friday:"

  1. 26 MAR SPX 3945/55 CALL
  2. 26 MAR NFLX 530/40 CALL
  3. 26 MAR GOOG 2070/75 CALL
  4. 26 MAR AMZN 3150/55 CALL
  5. 26 MAR FB 270/65 PUT
  6. 26 MAR BABA 220/15 PUT

 

Tomorrow we'll be looking for some one day "day trades" to close out the week at Friday expiration and "Payday Friday!"

The Daily Trade: March 24, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 24 SPXMAR 3955/3960 CALL

 

 

 

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

 

The Daily Trade: March 23, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 26 MAR MARA 30/35 Put
  2. 24 MAR SPX 3880/90 Put
  3. 24 MAR SPX 3980/85 CALL
  4. 24 MAR SPX 3990/3995 CALL
  5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 18, 2021

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

The Daily Trade: March 17, 2021

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

  1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
  2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
  3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Join us for Saturday's Mini-Options Course!

The Daily Trade: October 28, 2021

US Economy Remains on Track

Back to "green flag" mode and new records!

Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 15, 2021

 

 

Inflation Revving Up

Red and green growth chart isolated on white background. Business concept.

Another green day for the markets! : Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 13, 2021

 

Bears Looking for a Correction

Businessman against black bear on red arrow downward trend line with sky cityscape background. Fight back bearish market concept.

Another weak day in the markets: Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 12, 2021

 

Bears Looking for a Correction

Businessman against black bear on red arrow downward trend line with sky cityscape background. Fight back bearish market concept.

Another weak day in the markets: Watch our video update!

Get our free eBook and newsletters!

The Daily Trade: October 11, 2021

The Daily Trade: October 5, 2021

Bears Gain Control of Market

Businessman against black bear on red arrow downward trend line with sky cityscape background. Fight back bearish market concept.

Big up day after yesterday's sell off.

Watch today's recap and update on our trades for today, current positions and strategies!

Get our free eBook and newsletters!

The Daily Trade: September 28, 2021: Market sells off and red flags

Bears Looking for a Correction

SPX dumps and "red flag" mode is on!

Markets sold off hard today on worries about the debt ceiling, rising interest rates, inflation and overvaluations.

Watch today's recap and update on our trades for today, current positions and strategies!

 

Get our free eBook and newsletters!

The Daily Trade: September 20. 2021: Market sells off and red flags

Bears Looking for a Correction

SPX dumps and "red flag" mode is on!

Markets sold off hard today on worries about the debt ceiling, this week's Fed meeting and China contagion.

Get our analysis and latest positions updates!

Get our free eBook and newsletters!

The Daily Trade: May 12, 2021

Yellow Flag Warning on S&P 500!

Today's decline of 2.14% on the S&P 500 took major indexes into "yellow flag" mode, signaling the end of the bull run, at least for now, and a warning that a change in climate could be ahead.

The SPX delcined 2.1% while big tech swooned.

We added new spreads for Friday's expiration which includ an SPX trade that expired today, allowing us to take all of the profits.

Other positions for Friday include Adobe, Amazon, Alibaba, NVIDIA, Teledoc, PayPal, Nitflix, Twaiwan Semiconductor and Zoom.

Get our free eBook and newsletters!

The Daily Trade: May 5, 2021: Bullish day and new positions!

Get our Free eBook!

Big week so far and quite a lot of volatility.

So far, we've closed two SPX vertical put spreads and have one open for Friday expiration.

We started our "CAT SHOT" strategy with the first two trades fizzling but then the next two off to a better start.

Tomorrow (Thursday) we will position some trades for Friday expiration.

Green flag conditions persist, although, louder chatter about inflation and rising interest rates 

continues to grow.

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag conditions continue to persist.

Expansion Continues

The Daily Trade: May 3, 2021: Bullish day except for tech and we launch the "Cat Shot" strategy!

Get our Free eBook!

Another green day except for the Nasdaq and big tech names like GOOG (-0.62%) FB (-0.77%) AMZN (-2.3%) NFLX (-0.85%) and TSLA off 3.5%.

We made 3% on a one day SPX bullish put spread and opened trading in our new strategy, "THE CAT SHOT'"

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag, bullish conditions prevail. 

The Daily Trade: April 28, 2021: Indexes slip and we add new spreads

 Get our Free eBook!

 

Indexes slip in spite of Fed Chief promising no change to interest rates and positive earnings.

Google keeps flying, MicroSoft slipped, Amazon jumped, Apple was flat and Tesla fell 1.47%.

We added one new spread that expired today, a 1 day SPX Put that gave us a profit of 3.3.%

Yesterday's SPX Put spread also expired today, a 2 day trade with a 5% gain.

Nw spreads for Friday expiration:

  • 30 APR FB 330/335 CALL (IRON CONDOR WITH YESTERDAY'S PUT)
  • 30 APR NFLX 520/525 CALL

Get our Free eBook and newsletters!

 

Green flag, bullish conditions prevail. 

The Daily Trade: April 27, 2021: Stocks flat and we add new trades

Flat day on Wall Street as earnings flow in.

Pinterest got crushed after hours (down 10%) on slowing growth, and we liked that with our bear call spread benefiting from the fall.

Google jumped 5% in the extended session on good news. NetFlix remains weak.

We added more vertical credit spreads today with expirations scheduled for Friday:

  • 28 APR SPX 4120/4115 PUT
  • 30 APR PINS 87/89 CALL
  • 30 APR FB 280/275 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach as we head for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 26, 2021: Mixed day and new trades

Mixed day on Wall Street as the SPX and NDX rallied and Dow slipped a fraction.

Big week for earnings ahead with marquee names on deck led by Tesla today which reported banner Q1 sales.

We got the week off to a good start with a one day credit spread in SPX which expired in our favor for a 3% gain.

Other positions opened today include:

  • 30 Apr PTO 10/12 CALL
  • 30 APR NVAX 180/177.5 PUT
  • 30 APR SWKS 187.5/185 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach.

Green flag, bullish conditions prevail. 

The Daily Trade: April 22, 2021: Biden tax proposal is a late afternoon cold shower for markets

Rumors of rising capital gains taxes spooked markets this afternoo with the S&P 500 dropping 0.92%.

We put on several new trades for tomorrow's expiration:

  • 23 APR SPX 4215/4220 CALL
  • 23 APR AMZN 3290/3285 PUT
  • 23 APR NFLX 517.5/522.5 CALL
  • 23 APR GOOD 2252.5/2247.5 PUT
  • 23 APR TSLA 695/690 PUT
  • 23 APR NVAX 197.5/192.5 PUT
  • 23 APR TDOC 187.5/192.5 CALL

Note that our 21 April Iron Condor in SPX expired today at market close for full profit.

We will continue adding positions tomorrow, looking for Iron Condor opportunities, and positioning ourselves for tomorrow's expiration with a diversified combination of calls and puts.

In spite of today's spasm:

Green flag, bullish conditions prevail. 

The Daily Trade: April 20, 2021: market's cool off

The SPX declined again today, down 0.7%, with "big tech" leading the way lower.

Earnings are underway and will be driving the news.

Netflix got killed in the after hours, down 8%, with AAPL off 1.26% and Amzn down 1.1% in the regular session.

We exited call options for profit, (new "Cat Shot" portfolio in test mode, not available to public yet)  in AAPL, GOOG and SPY today and look forward to introducing that to members in the near future.

In our public portfolio, we added an SPX call to form an Iron Condor going into tomorrow's expiration and are working up a basket of trades to start tomorrow to position for Friday.

Green flag, bullish conditions prevail. 

The Daily Trade: April 19, 2021: market chop continues

The SPX declined slightly today, down 0.53% while "big tech" was off with AAPL dropping 0.5%, GOOG off 0.2% and AMZN off 0.8%.

We placed two trades, a one day SPX Call expiring today which expired out of the money, allowing us to keep all of the premium, and an SPX put spread expiring on Wednesday.

Looking forward to a great week.  

In spite of today's small declines:

Green flag, bullish conditions prevail. 

The Daily Trade: April 15, 2021: markets rally back

Good day today as tech and the S&P 500 rallied.

We added the following spreads with expirations for tomorrow:

  • SPX Put
  • AMZN Put
  • FB Call
  • SQ Put
  • NFLX Put
  • Goog Put
  • BIDU Call
  • TSLA Call
  • TDOC Iron Condor
  • RIOT Call

Green flag, bullish conditions prevail. 

The Daily Trade: April 14, 2021: markets slip; as tech declines

We had some negative returns today as tech slipped and the S&P 500 declined 0.41%.

We added new trades including a one day SPX credit spread, and bear call spreads in NVDA and BABA.

More trades to come tomorrow as we set up for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 13, 2021: One trade for tomorrow expiration and some new positions for Friday expiration!

Added some some trades for tomorrow and Friday expirations!

Added an SPX vertical credit spread for tomorrow's expiration.

Setting up for Friday Pay Day with spreads in MARA, RIOT, and GME

5 trades for the week so far!

Green flag, bullish conditions prevail. 

The Daily Trade: April 12, 2021: Good one day trade to start the week!

Good one day SPX trade to get the week started!

We set up a one day vertical credit spread in SPX, for a quick $350 profit on$5,000 margin, a quick 7%, one day profit.  (Shhhh! Don't tell the trading gods so we don't make them mad!)

"Tomorrow's another day," as Scarlett used to say, and we're psyched about opportunities in GME, CCIV, MARA and GSX! 

Green flag, bullish conditions prevail. 

The Daily Trade: April 9, 2021: Friday PayDay and New Records!

It's Friday PayDay!

And new records for the Dow and S&P 500

We added six new one day positions for today's expiration:

  • 9 APR SPOT 277;5/282.5 CALL
  • 9 APR INTU 415/410 PUT
  • 9 APR MARA 50/55 CALL
  • 9 APR ADBE 505/510 CALL
  • 9 APR BIDU 227.5/232.5 CALL
  • 9 APR NBDA 580/585 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term which reduces risk and puts Theta (time decay) squarely in our favor.

Green flag, bullish conditions prevail.

The Daily Trade: April 8, 2021: Bullish market continues

Market advance continues:

We added new positions today on the way to tomorrow's expiration:

  • 9 APR BABA 235/240 CALL
  • 9 APR AMZN 3390/95 CALL
  • 9 APR PAYPL 257.5/252.5 PUT
  • 9 APR GOOD 2185/2180 PUT
  • 9 APR NFLX 542.5/537.5 PUT
  • 9 APR TSLA 7175./722.5 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term heading into Friday's expiration.  This provides reduced risk and puts Theta (time decay) squarely in our favor.

We also have one Iron Condor position in AMZN and will look for more opportunities in one day trades tomorrow.

Green flag, bullish conditions prevail.

The Daily Trade: April 7, 2021: Markets move fractionally higher

Quiet day on Wall Street as markets moved fractionally higher.

We conitnued adding new positions as we head towards Friday expiration.

  • Our SPX iron condor spread expired with both legs out of the money, allowing us to keep the full premium.
  • We added a new 9 APR SPX 4000/3995 Put for Friday expiration.
  • We added a 9 APR ETSY 210/15 Call spread for Friday expiration
  • New 9 APR OSTK 67/70 Call Soread
  • New ABNB 192.5/197.5 Call Spread

  Tomorrow will be a busy trading day as we take two day spreads to line up for Friday expiration.

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

The Daily Trade: April 6, 2021: Mixed markets today

Mixed markets today after recent records.

We added the following positions:

  • 7 APR SPX 4130/35 PUT
  • 9 APR AMZN 3130/25 PUT

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

 

The Daily Trade: April 1, 2021: Friday pay day comes early!

Friday Pay Day came early this week with the market closed tomorrow for Good Friday.

We opened the followig 1 day vertical credit spreads today:

  • 1 APR SPX 3965/3960 PUT
  • 1 APR AMZN 3085/3080 PUT
  • 1 APR TSLA 660/655 PUT
  • 1 APR GOOG 2085/2080 PUT
  • 1 APR VIAC 45/50 CALL

The S&P 500 rallied to close above 4,000 for the first time in history, up 1.2% on the day.

The Dow rose 0.5% and the NASDAQ jumped 1.8%.

Markets always like free money and so the Biden Administration's stimulus programs are being well received.

 

Green flag, bullish conditions prevail.

The Daily Trade: March 30, 2021

Getting busier towards the end of the Holiday shortened week.

We added the following vertical credit spreads for Thursday expiration:

  1. SPX Bull Put
  2. AMZN Bear Call
  3. AMAT Bull Put
  4. TSLA Bear Call
  5. NFLX Bear Call
  6. ADBE Bull Put
  7. VIAC Bear Call
  8. GOOG Bull Put
  9. BLNK Bull Put
  10. TSLA Bear Call

AMAT is now an iron condor and we'll look for additional iron condor opportunities to place tomorrw going into Thursday's close.

Tomorrow we'll also place our customary Wednesday 1 day trade on SPX.

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods

The Daily Trade: March 29, 2021

Markets started the week flat but remian in a  configuration at overbought levels.

Today, Retirement Day Trader entered a one day SPX 3930/3925 Bullish Put spread which expired worthless, allowing us to keep all of the premium.

Other positions added were a 1 APR AMAT 230/160 Call Spread and a 1 APR FB 280/275 Bullish Put spread.

Weekly options expire on Thursday this week due to the markets being closed for Good Friday.

 

The Daily Trade: March 25, 2021

Markets gained some ground today on better than expected employment and COVID news.

We added the following positions today to set up for "payday Friday:"

  1. 26 MAR SPX 3945/55 CALL
  2. 26 MAR NFLX 530/40 CALL
  3. 26 MAR GOOG 2070/75 CALL
  4. 26 MAR AMZN 3150/55 CALL
  5. 26 MAR FB 270/65 PUT
  6. 26 MAR BABA 220/15 PUT

 

Tomorrow we'll be looking for some one day "day trades" to close out the week at Friday expiration and "Payday Friday!"

The Daily Trade: March 24, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 24 SPXMAR 3955/3960 CALL

 

 

 

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

 

The Daily Trade: March 23, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 26 MAR MARA 30/35 Put
  2. 24 MAR SPX 3880/90 Put
  3. 24 MAR SPX 3980/85 CALL
  4. 24 MAR SPX 3990/3995 CALL
  5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 18, 2021

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

The Daily Trade: March 17, 2021

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

  1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
  2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
  3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Join us for Saturday's Mini-Options Course!

The Daily Trade: October 5, 2021

Bears Gain Control of Market

Businessman against black bear on red arrow downward trend line with sky cityscape background. Fight back bearish market concept.

Big up day after yesterday's sell off.

Watch today's recap and update on our trades for today, current positions and strategies!

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The Daily Trade: September 28, 2021: Market sells off and red flags

Bears Looking for a Correction

SPX dumps and "red flag" mode is on!

Markets sold off hard today on worries about the debt ceiling, rising interest rates, inflation and overvaluations.

Watch today's recap and update on our trades for today, current positions and strategies!

 

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The Daily Trade: September 20. 2021: Market sells off and red flags

Bears Looking for a Correction

SPX dumps and "red flag" mode is on!

Markets sold off hard today on worries about the debt ceiling, this week's Fed meeting and China contagion.

Get our analysis and latest positions updates!

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The Daily Trade: May 12, 2021

Yellow Flag Warning on S&P 500!

Today's decline of 2.14% on the S&P 500 took major indexes into "yellow flag" mode, signaling the end of the bull run, at least for now, and a warning that a change in climate could be ahead.

The SPX delcined 2.1% while big tech swooned.

We added new spreads for Friday's expiration which includ an SPX trade that expired today, allowing us to take all of the profits.

Other positions for Friday include Adobe, Amazon, Alibaba, NVIDIA, Teledoc, PayPal, Nitflix, Twaiwan Semiconductor and Zoom.

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The Daily Trade: May 5, 2021: Bullish day and new positions!

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Big week so far and quite a lot of volatility.

So far, we've closed two SPX vertical put spreads and have one open for Friday expiration.

We started our "CAT SHOT" strategy with the first two trades fizzling but then the next two off to a better start.

Tomorrow (Thursday) we will position some trades for Friday expiration.

Green flag conditions persist, although, louder chatter about inflation and rising interest rates 

continues to grow.

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag conditions continue to persist.

Expansion Continues

The Daily Trade: May 3, 2021: Bullish day except for tech and we launch the "Cat Shot" strategy!

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Another green day except for the Nasdaq and big tech names like GOOG (-0.62%) FB (-0.77%) AMZN (-2.3%) NFLX (-0.85%) and TSLA off 3.5%.

We made 3% on a one day SPX bullish put spread and opened trading in our new strategy, "THE CAT SHOT'"

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag, bullish conditions prevail. 

The Daily Trade: April 28, 2021: Indexes slip and we add new spreads

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Indexes slip in spite of Fed Chief promising no change to interest rates and positive earnings.

Google keeps flying, MicroSoft slipped, Amazon jumped, Apple was flat and Tesla fell 1.47%.

We added one new spread that expired today, a 1 day SPX Put that gave us a profit of 3.3.%

Yesterday's SPX Put spread also expired today, a 2 day trade with a 5% gain.

Nw spreads for Friday expiration:

  • 30 APR FB 330/335 CALL (IRON CONDOR WITH YESTERDAY'S PUT)
  • 30 APR NFLX 520/525 CALL

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Green flag, bullish conditions prevail. 

The Daily Trade: April 27, 2021: Stocks flat and we add new trades

Flat day on Wall Street as earnings flow in.

Pinterest got crushed after hours (down 10%) on slowing growth, and we liked that with our bear call spread benefiting from the fall.

Google jumped 5% in the extended session on good news. NetFlix remains weak.

We added more vertical credit spreads today with expirations scheduled for Friday:

  • 28 APR SPX 4120/4115 PUT
  • 30 APR PINS 87/89 CALL
  • 30 APR FB 280/275 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach as we head for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 26, 2021: Mixed day and new trades

Mixed day on Wall Street as the SPX and NDX rallied and Dow slipped a fraction.

Big week for earnings ahead with marquee names on deck led by Tesla today which reported banner Q1 sales.

We got the week off to a good start with a one day credit spread in SPX which expired in our favor for a 3% gain.

Other positions opened today include:

  • 30 Apr PTO 10/12 CALL
  • 30 APR NVAX 180/177.5 PUT
  • 30 APR SWKS 187.5/185 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach.

Green flag, bullish conditions prevail. 

The Daily Trade: April 22, 2021: Biden tax proposal is a late afternoon cold shower for markets

Rumors of rising capital gains taxes spooked markets this afternoo with the S&P 500 dropping 0.92%.

We put on several new trades for tomorrow's expiration:

  • 23 APR SPX 4215/4220 CALL
  • 23 APR AMZN 3290/3285 PUT
  • 23 APR NFLX 517.5/522.5 CALL
  • 23 APR GOOD 2252.5/2247.5 PUT
  • 23 APR TSLA 695/690 PUT
  • 23 APR NVAX 197.5/192.5 PUT
  • 23 APR TDOC 187.5/192.5 CALL

Note that our 21 April Iron Condor in SPX expired today at market close for full profit.

We will continue adding positions tomorrow, looking for Iron Condor opportunities, and positioning ourselves for tomorrow's expiration with a diversified combination of calls and puts.

In spite of today's spasm:

Green flag, bullish conditions prevail. 

The Daily Trade: April 20, 2021: market's cool off

The SPX declined again today, down 0.7%, with "big tech" leading the way lower.

Earnings are underway and will be driving the news.

Netflix got killed in the after hours, down 8%, with AAPL off 1.26% and Amzn down 1.1% in the regular session.

We exited call options for profit, (new "Cat Shot" portfolio in test mode, not available to public yet)  in AAPL, GOOG and SPY today and look forward to introducing that to members in the near future.

In our public portfolio, we added an SPX call to form an Iron Condor going into tomorrow's expiration and are working up a basket of trades to start tomorrow to position for Friday.

Green flag, bullish conditions prevail. 

The Daily Trade: April 19, 2021: market chop continues

The SPX declined slightly today, down 0.53% while "big tech" was off with AAPL dropping 0.5%, GOOG off 0.2% and AMZN off 0.8%.

We placed two trades, a one day SPX Call expiring today which expired out of the money, allowing us to keep all of the premium, and an SPX put spread expiring on Wednesday.

Looking forward to a great week.  

In spite of today's small declines:

Green flag, bullish conditions prevail. 

The Daily Trade: April 15, 2021: markets rally back

Good day today as tech and the S&P 500 rallied.

We added the following spreads with expirations for tomorrow:

  • SPX Put
  • AMZN Put
  • FB Call
  • SQ Put
  • NFLX Put
  • Goog Put
  • BIDU Call
  • TSLA Call
  • TDOC Iron Condor
  • RIOT Call

Green flag, bullish conditions prevail. 

The Daily Trade: April 14, 2021: markets slip; as tech declines

We had some negative returns today as tech slipped and the S&P 500 declined 0.41%.

We added new trades including a one day SPX credit spread, and bear call spreads in NVDA and BABA.

More trades to come tomorrow as we set up for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 13, 2021: One trade for tomorrow expiration and some new positions for Friday expiration!

Added some some trades for tomorrow and Friday expirations!

Added an SPX vertical credit spread for tomorrow's expiration.

Setting up for Friday Pay Day with spreads in MARA, RIOT, and GME

5 trades for the week so far!

Green flag, bullish conditions prevail. 

The Daily Trade: April 12, 2021: Good one day trade to start the week!

Good one day SPX trade to get the week started!

We set up a one day vertical credit spread in SPX, for a quick $350 profit on$5,000 margin, a quick 7%, one day profit.  (Shhhh! Don't tell the trading gods so we don't make them mad!)

"Tomorrow's another day," as Scarlett used to say, and we're psyched about opportunities in GME, CCIV, MARA and GSX! 

Green flag, bullish conditions prevail. 

The Daily Trade: April 9, 2021: Friday PayDay and New Records!

It's Friday PayDay!

And new records for the Dow and S&P 500

We added six new one day positions for today's expiration:

  • 9 APR SPOT 277;5/282.5 CALL
  • 9 APR INTU 415/410 PUT
  • 9 APR MARA 50/55 CALL
  • 9 APR ADBE 505/510 CALL
  • 9 APR BIDU 227.5/232.5 CALL
  • 9 APR NBDA 580/585 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term which reduces risk and puts Theta (time decay) squarely in our favor.

Green flag, bullish conditions prevail.

The Daily Trade: April 8, 2021: Bullish market continues

Market advance continues:

We added new positions today on the way to tomorrow's expiration:

  • 9 APR BABA 235/240 CALL
  • 9 APR AMZN 3390/95 CALL
  • 9 APR PAYPL 257.5/252.5 PUT
  • 9 APR GOOD 2185/2180 PUT
  • 9 APR NFLX 542.5/537.5 PUT
  • 9 APR TSLA 7175./722.5 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term heading into Friday's expiration.  This provides reduced risk and puts Theta (time decay) squarely in our favor.

We also have one Iron Condor position in AMZN and will look for more opportunities in one day trades tomorrow.

Green flag, bullish conditions prevail.

The Daily Trade: April 7, 2021: Markets move fractionally higher

Quiet day on Wall Street as markets moved fractionally higher.

We conitnued adding new positions as we head towards Friday expiration.

  • Our SPX iron condor spread expired with both legs out of the money, allowing us to keep the full premium.
  • We added a new 9 APR SPX 4000/3995 Put for Friday expiration.
  • We added a 9 APR ETSY 210/15 Call spread for Friday expiration
  • New 9 APR OSTK 67/70 Call Soread
  • New ABNB 192.5/197.5 Call Spread

  Tomorrow will be a busy trading day as we take two day spreads to line up for Friday expiration.

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

The Daily Trade: April 6, 2021: Mixed markets today

Mixed markets today after recent records.

We added the following positions:

  • 7 APR SPX 4130/35 PUT
  • 9 APR AMZN 3130/25 PUT

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

 

The Daily Trade: April 1, 2021: Friday pay day comes early!

Friday Pay Day came early this week with the market closed tomorrow for Good Friday.

We opened the followig 1 day vertical credit spreads today:

  • 1 APR SPX 3965/3960 PUT
  • 1 APR AMZN 3085/3080 PUT
  • 1 APR TSLA 660/655 PUT
  • 1 APR GOOG 2085/2080 PUT
  • 1 APR VIAC 45/50 CALL

The S&P 500 rallied to close above 4,000 for the first time in history, up 1.2% on the day.

The Dow rose 0.5% and the NASDAQ jumped 1.8%.

Markets always like free money and so the Biden Administration's stimulus programs are being well received.

 

Green flag, bullish conditions prevail.

The Daily Trade: March 30, 2021

Getting busier towards the end of the Holiday shortened week.

We added the following vertical credit spreads for Thursday expiration:

  1. SPX Bull Put
  2. AMZN Bear Call
  3. AMAT Bull Put
  4. TSLA Bear Call
  5. NFLX Bear Call
  6. ADBE Bull Put
  7. VIAC Bear Call
  8. GOOG Bull Put
  9. BLNK Bull Put
  10. TSLA Bear Call

AMAT is now an iron condor and we'll look for additional iron condor opportunities to place tomorrw going into Thursday's close.

Tomorrow we'll also place our customary Wednesday 1 day trade on SPX.

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods

The Daily Trade: March 29, 2021

Markets started the week flat but remian in a  configuration at overbought levels.

Today, Retirement Day Trader entered a one day SPX 3930/3925 Bullish Put spread which expired worthless, allowing us to keep all of the premium.

Other positions added were a 1 APR AMAT 230/160 Call Spread and a 1 APR FB 280/275 Bullish Put spread.

Weekly options expire on Thursday this week due to the markets being closed for Good Friday.

 

The Daily Trade: March 25, 2021

Markets gained some ground today on better than expected employment and COVID news.

We added the following positions today to set up for "payday Friday:"

  1. 26 MAR SPX 3945/55 CALL
  2. 26 MAR NFLX 530/40 CALL
  3. 26 MAR GOOG 2070/75 CALL
  4. 26 MAR AMZN 3150/55 CALL
  5. 26 MAR FB 270/65 PUT
  6. 26 MAR BABA 220/15 PUT

 

Tomorrow we'll be looking for some one day "day trades" to close out the week at Friday expiration and "Payday Friday!"

The Daily Trade: March 24, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 24 SPXMAR 3955/3960 CALL

 

 

 

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

 

The Daily Trade: March 23, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 26 MAR MARA 30/35 Put
  2. 24 MAR SPX 3880/90 Put
  3. 24 MAR SPX 3980/85 CALL
  4. 24 MAR SPX 3990/3995 CALL
  5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 18, 2021

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

The Daily Trade: March 17, 2021

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

  1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
  2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
  3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Join us for Saturday's Mini-Options Course!

The Daily Trade: September 20. 2021: Market sells off and red flags

Bears Looking for a Correction

SPX dumps and "red flag" mode is on!

Markets sold off hard today on worries about the debt ceiling, this week's Fed meeting and China contagion.

Get our analysis and latest positions updates!

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The Daily Trade: May 12, 2021

Yellow Flag Warning on S&P 500!

Today's decline of 2.14% on the S&P 500 took major indexes into "yellow flag" mode, signaling the end of the bull run, at least for now, and a warning that a change in climate could be ahead.

The SPX delcined 2.1% while big tech swooned.

We added new spreads for Friday's expiration which includ an SPX trade that expired today, allowing us to take all of the profits.

Other positions for Friday include Adobe, Amazon, Alibaba, NVIDIA, Teledoc, PayPal, Nitflix, Twaiwan Semiconductor and Zoom.

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The Daily Trade: May 5, 2021: Bullish day and new positions!

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Big week so far and quite a lot of volatility.

So far, we've closed two SPX vertical put spreads and have one open for Friday expiration.

We started our "CAT SHOT" strategy with the first two trades fizzling but then the next two off to a better start.

Tomorrow (Thursday) we will position some trades for Friday expiration.

Green flag conditions persist, although, louder chatter about inflation and rising interest rates 

continues to grow.

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag conditions continue to persist.

Expansion Continues

The Daily Trade: May 3, 2021: Bullish day except for tech and we launch the "Cat Shot" strategy!

Get our Free eBook!

Another green day except for the Nasdaq and big tech names like GOOG (-0.62%) FB (-0.77%) AMZN (-2.3%) NFLX (-0.85%) and TSLA off 3.5%.

We made 3% on a one day SPX bullish put spread and opened trading in our new strategy, "THE CAT SHOT'"

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag, bullish conditions prevail. 

The Daily Trade: April 28, 2021: Indexes slip and we add new spreads

 Get our Free eBook!

 

Indexes slip in spite of Fed Chief promising no change to interest rates and positive earnings.

Google keeps flying, MicroSoft slipped, Amazon jumped, Apple was flat and Tesla fell 1.47%.

We added one new spread that expired today, a 1 day SPX Put that gave us a profit of 3.3.%

Yesterday's SPX Put spread also expired today, a 2 day trade with a 5% gain.

Nw spreads for Friday expiration:

  • 30 APR FB 330/335 CALL (IRON CONDOR WITH YESTERDAY'S PUT)
  • 30 APR NFLX 520/525 CALL

Get our Free eBook and newsletters!

 

Green flag, bullish conditions prevail. 

The Daily Trade: April 27, 2021: Stocks flat and we add new trades

Flat day on Wall Street as earnings flow in.

Pinterest got crushed after hours (down 10%) on slowing growth, and we liked that with our bear call spread benefiting from the fall.

Google jumped 5% in the extended session on good news. NetFlix remains weak.

We added more vertical credit spreads today with expirations scheduled for Friday:

  • 28 APR SPX 4120/4115 PUT
  • 30 APR PINS 87/89 CALL
  • 30 APR FB 280/275 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach as we head for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 26, 2021: Mixed day and new trades

Mixed day on Wall Street as the SPX and NDX rallied and Dow slipped a fraction.

Big week for earnings ahead with marquee names on deck led by Tesla today which reported banner Q1 sales.

We got the week off to a good start with a one day credit spread in SPX which expired in our favor for a 3% gain.

Other positions opened today include:

  • 30 Apr PTO 10/12 CALL
  • 30 APR NVAX 180/177.5 PUT
  • 30 APR SWKS 187.5/185 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach.

Green flag, bullish conditions prevail. 

The Daily Trade: April 22, 2021: Biden tax proposal is a late afternoon cold shower for markets

Rumors of rising capital gains taxes spooked markets this afternoo with the S&P 500 dropping 0.92%.

We put on several new trades for tomorrow's expiration:

  • 23 APR SPX 4215/4220 CALL
  • 23 APR AMZN 3290/3285 PUT
  • 23 APR NFLX 517.5/522.5 CALL
  • 23 APR GOOD 2252.5/2247.5 PUT
  • 23 APR TSLA 695/690 PUT
  • 23 APR NVAX 197.5/192.5 PUT
  • 23 APR TDOC 187.5/192.5 CALL

Note that our 21 April Iron Condor in SPX expired today at market close for full profit.

We will continue adding positions tomorrow, looking for Iron Condor opportunities, and positioning ourselves for tomorrow's expiration with a diversified combination of calls and puts.

In spite of today's spasm:

Green flag, bullish conditions prevail. 

The Daily Trade: April 20, 2021: market's cool off

The SPX declined again today, down 0.7%, with "big tech" leading the way lower.

Earnings are underway and will be driving the news.

Netflix got killed in the after hours, down 8%, with AAPL off 1.26% and Amzn down 1.1% in the regular session.

We exited call options for profit, (new "Cat Shot" portfolio in test mode, not available to public yet)  in AAPL, GOOG and SPY today and look forward to introducing that to members in the near future.

In our public portfolio, we added an SPX call to form an Iron Condor going into tomorrow's expiration and are working up a basket of trades to start tomorrow to position for Friday.

Green flag, bullish conditions prevail. 

The Daily Trade: April 19, 2021: market chop continues

The SPX declined slightly today, down 0.53% while "big tech" was off with AAPL dropping 0.5%, GOOG off 0.2% and AMZN off 0.8%.

We placed two trades, a one day SPX Call expiring today which expired out of the money, allowing us to keep all of the premium, and an SPX put spread expiring on Wednesday.

Looking forward to a great week.  

In spite of today's small declines:

Green flag, bullish conditions prevail. 

The Daily Trade: April 15, 2021: markets rally back

Good day today as tech and the S&P 500 rallied.

We added the following spreads with expirations for tomorrow:

  • SPX Put
  • AMZN Put
  • FB Call
  • SQ Put
  • NFLX Put
  • Goog Put
  • BIDU Call
  • TSLA Call
  • TDOC Iron Condor
  • RIOT Call

Green flag, bullish conditions prevail. 

The Daily Trade: April 14, 2021: markets slip; as tech declines

We had some negative returns today as tech slipped and the S&P 500 declined 0.41%.

We added new trades including a one day SPX credit spread, and bear call spreads in NVDA and BABA.

More trades to come tomorrow as we set up for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 13, 2021: One trade for tomorrow expiration and some new positions for Friday expiration!

Added some some trades for tomorrow and Friday expirations!

Added an SPX vertical credit spread for tomorrow's expiration.

Setting up for Friday Pay Day with spreads in MARA, RIOT, and GME

5 trades for the week so far!

Green flag, bullish conditions prevail. 

The Daily Trade: April 12, 2021: Good one day trade to start the week!

Good one day SPX trade to get the week started!

We set up a one day vertical credit spread in SPX, for a quick $350 profit on$5,000 margin, a quick 7%, one day profit.  (Shhhh! Don't tell the trading gods so we don't make them mad!)

"Tomorrow's another day," as Scarlett used to say, and we're psyched about opportunities in GME, CCIV, MARA and GSX! 

Green flag, bullish conditions prevail. 

The Daily Trade: April 9, 2021: Friday PayDay and New Records!

It's Friday PayDay!

And new records for the Dow and S&P 500

We added six new one day positions for today's expiration:

  • 9 APR SPOT 277;5/282.5 CALL
  • 9 APR INTU 415/410 PUT
  • 9 APR MARA 50/55 CALL
  • 9 APR ADBE 505/510 CALL
  • 9 APR BIDU 227.5/232.5 CALL
  • 9 APR NBDA 580/585 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term which reduces risk and puts Theta (time decay) squarely in our favor.

Green flag, bullish conditions prevail.

The Daily Trade: April 8, 2021: Bullish market continues

Market advance continues:

We added new positions today on the way to tomorrow's expiration:

  • 9 APR BABA 235/240 CALL
  • 9 APR AMZN 3390/95 CALL
  • 9 APR PAYPL 257.5/252.5 PUT
  • 9 APR GOOD 2185/2180 PUT
  • 9 APR NFLX 542.5/537.5 PUT
  • 9 APR TSLA 7175./722.5 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term heading into Friday's expiration.  This provides reduced risk and puts Theta (time decay) squarely in our favor.

We also have one Iron Condor position in AMZN and will look for more opportunities in one day trades tomorrow.

Green flag, bullish conditions prevail.

The Daily Trade: April 7, 2021: Markets move fractionally higher

Quiet day on Wall Street as markets moved fractionally higher.

We conitnued adding new positions as we head towards Friday expiration.

  • Our SPX iron condor spread expired with both legs out of the money, allowing us to keep the full premium.
  • We added a new 9 APR SPX 4000/3995 Put for Friday expiration.
  • We added a 9 APR ETSY 210/15 Call spread for Friday expiration
  • New 9 APR OSTK 67/70 Call Soread
  • New ABNB 192.5/197.5 Call Spread

  Tomorrow will be a busy trading day as we take two day spreads to line up for Friday expiration.

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

The Daily Trade: April 6, 2021: Mixed markets today

Mixed markets today after recent records.

We added the following positions:

  • 7 APR SPX 4130/35 PUT
  • 9 APR AMZN 3130/25 PUT

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

 

The Daily Trade: April 1, 2021: Friday pay day comes early!

Friday Pay Day came early this week with the market closed tomorrow for Good Friday.

We opened the followig 1 day vertical credit spreads today:

  • 1 APR SPX 3965/3960 PUT
  • 1 APR AMZN 3085/3080 PUT
  • 1 APR TSLA 660/655 PUT
  • 1 APR GOOG 2085/2080 PUT
  • 1 APR VIAC 45/50 CALL

The S&P 500 rallied to close above 4,000 for the first time in history, up 1.2% on the day.

The Dow rose 0.5% and the NASDAQ jumped 1.8%.

Markets always like free money and so the Biden Administration's stimulus programs are being well received.

 

Green flag, bullish conditions prevail.

The Daily Trade: March 30, 2021

Getting busier towards the end of the Holiday shortened week.

We added the following vertical credit spreads for Thursday expiration:

  1. SPX Bull Put
  2. AMZN Bear Call
  3. AMAT Bull Put
  4. TSLA Bear Call
  5. NFLX Bear Call
  6. ADBE Bull Put
  7. VIAC Bear Call
  8. GOOG Bull Put
  9. BLNK Bull Put
  10. TSLA Bear Call

AMAT is now an iron condor and we'll look for additional iron condor opportunities to place tomorrw going into Thursday's close.

Tomorrow we'll also place our customary Wednesday 1 day trade on SPX.

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods

The Daily Trade: March 29, 2021

Markets started the week flat but remian in a  configuration at overbought levels.

Today, Retirement Day Trader entered a one day SPX 3930/3925 Bullish Put spread which expired worthless, allowing us to keep all of the premium.

Other positions added were a 1 APR AMAT 230/160 Call Spread and a 1 APR FB 280/275 Bullish Put spread.

Weekly options expire on Thursday this week due to the markets being closed for Good Friday.

 

The Daily Trade: March 25, 2021

Markets gained some ground today on better than expected employment and COVID news.

We added the following positions today to set up for "payday Friday:"

  1. 26 MAR SPX 3945/55 CALL
  2. 26 MAR NFLX 530/40 CALL
  3. 26 MAR GOOG 2070/75 CALL
  4. 26 MAR AMZN 3150/55 CALL
  5. 26 MAR FB 270/65 PUT
  6. 26 MAR BABA 220/15 PUT

 

Tomorrow we'll be looking for some one day "day trades" to close out the week at Friday expiration and "Payday Friday!"

The Daily Trade: March 24, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 24 SPXMAR 3955/3960 CALL

 

 

 

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

 

The Daily Trade: March 23, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 26 MAR MARA 30/35 Put
  2. 24 MAR SPX 3880/90 Put
  3. 24 MAR SPX 3980/85 CALL
  4. 24 MAR SPX 3990/3995 CALL
  5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 18, 2021

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

The Daily Trade: March 17, 2021

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

  1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
  2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
  3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Join us for Saturday's Mini-Options Course!

The Daily Trade: May 27, 2021: New positions and green flags

Rallies in Foreign and Property Shares Rallied

SPX rallies back into Green Flag mode!

Markets gained today on continuing strength and the S&P 500 is now back in Green Flag mode.

We added a bunch of two day vertical credit spread trades for tomorrow's expiration:

  • AMZN CALL
  • DOCU PUT
  • GOOG PUT
  • TSLA CALL
  • ZM PUT
  • MSTR PUT
  • NOW CALL
  • NVAX CALL
  • NVDA PUT
  • SPX PUT
  • TDOC CALL
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The Daily Trade: May 12, 2021

Yellow Flag Warning on S&P 500!

Today's decline of 2.14% on the S&P 500 took major indexes into "yellow flag" mode, signaling the end of the bull run, at least for now, and a warning that a change in climate could be ahead.

The SPX delcined 2.1% while big tech swooned.

We added new spreads for Friday's expiration which includ an SPX trade that expired today, allowing us to take all of the profits.

Other positions for Friday include Adobe, Amazon, Alibaba, NVIDIA, Teledoc, PayPal, Nitflix, Twaiwan Semiconductor and Zoom.

Get our free eBook and newsletters!

The Daily Trade: May 5, 2021: Bullish day and new positions!

Get our Free eBook!

Big week so far and quite a lot of volatility.

So far, we've closed two SPX vertical put spreads and have one open for Friday expiration.

We started our "CAT SHOT" strategy with the first two trades fizzling but then the next two off to a better start.

Tomorrow (Thursday) we will position some trades for Friday expiration.

Green flag conditions persist, although, louder chatter about inflation and rising interest rates 

continues to grow.

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag conditions continue to persist.

Expansion Continues

The Daily Trade: May 3, 2021: Bullish day except for tech and we launch the "Cat Shot" strategy!

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Another green day except for the Nasdaq and big tech names like GOOG (-0.62%) FB (-0.77%) AMZN (-2.3%) NFLX (-0.85%) and TSLA off 3.5%.

We made 3% on a one day SPX bullish put spread and opened trading in our new strategy, "THE CAT SHOT'"

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag, bullish conditions prevail. 

The Daily Trade: April 28, 2021: Indexes slip and we add new spreads

 Get our Free eBook!

 

Indexes slip in spite of Fed Chief promising no change to interest rates and positive earnings.

Google keeps flying, MicroSoft slipped, Amazon jumped, Apple was flat and Tesla fell 1.47%.

We added one new spread that expired today, a 1 day SPX Put that gave us a profit of 3.3.%

Yesterday's SPX Put spread also expired today, a 2 day trade with a 5% gain.

Nw spreads for Friday expiration:

  • 30 APR FB 330/335 CALL (IRON CONDOR WITH YESTERDAY'S PUT)
  • 30 APR NFLX 520/525 CALL

Get our Free eBook and newsletters!

 

Green flag, bullish conditions prevail. 

The Daily Trade: April 27, 2021: Stocks flat and we add new trades

Flat day on Wall Street as earnings flow in.

Pinterest got crushed after hours (down 10%) on slowing growth, and we liked that with our bear call spread benefiting from the fall.

Google jumped 5% in the extended session on good news. NetFlix remains weak.

We added more vertical credit spreads today with expirations scheduled for Friday:

  • 28 APR SPX 4120/4115 PUT
  • 30 APR PINS 87/89 CALL
  • 30 APR FB 280/275 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach as we head for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 26, 2021: Mixed day and new trades

Mixed day on Wall Street as the SPX and NDX rallied and Dow slipped a fraction.

Big week for earnings ahead with marquee names on deck led by Tesla today which reported banner Q1 sales.

We got the week off to a good start with a one day credit spread in SPX which expired in our favor for a 3% gain.

Other positions opened today include:

  • 30 Apr PTO 10/12 CALL
  • 30 APR NVAX 180/177.5 PUT
  • 30 APR SWKS 187.5/185 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach.

Green flag, bullish conditions prevail. 

The Daily Trade: April 22, 2021: Biden tax proposal is a late afternoon cold shower for markets

Rumors of rising capital gains taxes spooked markets this afternoo with the S&P 500 dropping 0.92%.

We put on several new trades for tomorrow's expiration:

  • 23 APR SPX 4215/4220 CALL
  • 23 APR AMZN 3290/3285 PUT
  • 23 APR NFLX 517.5/522.5 CALL
  • 23 APR GOOD 2252.5/2247.5 PUT
  • 23 APR TSLA 695/690 PUT
  • 23 APR NVAX 197.5/192.5 PUT
  • 23 APR TDOC 187.5/192.5 CALL

Note that our 21 April Iron Condor in SPX expired today at market close for full profit.

We will continue adding positions tomorrow, looking for Iron Condor opportunities, and positioning ourselves for tomorrow's expiration with a diversified combination of calls and puts.

In spite of today's spasm:

Green flag, bullish conditions prevail. 

The Daily Trade: April 20, 2021: market's cool off

The SPX declined again today, down 0.7%, with "big tech" leading the way lower.

Earnings are underway and will be driving the news.

Netflix got killed in the after hours, down 8%, with AAPL off 1.26% and Amzn down 1.1% in the regular session.

We exited call options for profit, (new "Cat Shot" portfolio in test mode, not available to public yet)  in AAPL, GOOG and SPY today and look forward to introducing that to members in the near future.

In our public portfolio, we added an SPX call to form an Iron Condor going into tomorrow's expiration and are working up a basket of trades to start tomorrow to position for Friday.

Green flag, bullish conditions prevail. 

The Daily Trade: April 19, 2021: market chop continues

The SPX declined slightly today, down 0.53% while "big tech" was off with AAPL dropping 0.5%, GOOG off 0.2% and AMZN off 0.8%.

We placed two trades, a one day SPX Call expiring today which expired out of the money, allowing us to keep all of the premium, and an SPX put spread expiring on Wednesday.

Looking forward to a great week.  

In spite of today's small declines:

Green flag, bullish conditions prevail. 

The Daily Trade: April 15, 2021: markets rally back

Good day today as tech and the S&P 500 rallied.

We added the following spreads with expirations for tomorrow:

  • SPX Put
  • AMZN Put
  • FB Call
  • SQ Put
  • NFLX Put
  • Goog Put
  • BIDU Call
  • TSLA Call
  • TDOC Iron Condor
  • RIOT Call

Green flag, bullish conditions prevail. 

The Daily Trade: April 14, 2021: markets slip; as tech declines

We had some negative returns today as tech slipped and the S&P 500 declined 0.41%.

We added new trades including a one day SPX credit spread, and bear call spreads in NVDA and BABA.

More trades to come tomorrow as we set up for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 13, 2021: One trade for tomorrow expiration and some new positions for Friday expiration!

Added some some trades for tomorrow and Friday expirations!

Added an SPX vertical credit spread for tomorrow's expiration.

Setting up for Friday Pay Day with spreads in MARA, RIOT, and GME

5 trades for the week so far!

Green flag, bullish conditions prevail. 

The Daily Trade: April 12, 2021: Good one day trade to start the week!

Good one day SPX trade to get the week started!

We set up a one day vertical credit spread in SPX, for a quick $350 profit on$5,000 margin, a quick 7%, one day profit.  (Shhhh! Don't tell the trading gods so we don't make them mad!)

"Tomorrow's another day," as Scarlett used to say, and we're psyched about opportunities in GME, CCIV, MARA and GSX! 

Green flag, bullish conditions prevail. 

The Daily Trade: April 9, 2021: Friday PayDay and New Records!

It's Friday PayDay!

And new records for the Dow and S&P 500

We added six new one day positions for today's expiration:

  • 9 APR SPOT 277;5/282.5 CALL
  • 9 APR INTU 415/410 PUT
  • 9 APR MARA 50/55 CALL
  • 9 APR ADBE 505/510 CALL
  • 9 APR BIDU 227.5/232.5 CALL
  • 9 APR NBDA 580/585 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term which reduces risk and puts Theta (time decay) squarely in our favor.

Green flag, bullish conditions prevail.

The Daily Trade: April 8, 2021: Bullish market continues

Market advance continues:

We added new positions today on the way to tomorrow's expiration:

  • 9 APR BABA 235/240 CALL
  • 9 APR AMZN 3390/95 CALL
  • 9 APR PAYPL 257.5/252.5 PUT
  • 9 APR GOOD 2185/2180 PUT
  • 9 APR NFLX 542.5/537.5 PUT
  • 9 APR TSLA 7175./722.5 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term heading into Friday's expiration.  This provides reduced risk and puts Theta (time decay) squarely in our favor.

We also have one Iron Condor position in AMZN and will look for more opportunities in one day trades tomorrow.

Green flag, bullish conditions prevail.

The Daily Trade: April 7, 2021: Markets move fractionally higher

Quiet day on Wall Street as markets moved fractionally higher.

We conitnued adding new positions as we head towards Friday expiration.

  • Our SPX iron condor spread expired with both legs out of the money, allowing us to keep the full premium.
  • We added a new 9 APR SPX 4000/3995 Put for Friday expiration.
  • We added a 9 APR ETSY 210/15 Call spread for Friday expiration
  • New 9 APR OSTK 67/70 Call Soread
  • New ABNB 192.5/197.5 Call Spread

  Tomorrow will be a busy trading day as we take two day spreads to line up for Friday expiration.

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

The Daily Trade: April 6, 2021: Mixed markets today

Mixed markets today after recent records.

We added the following positions:

  • 7 APR SPX 4130/35 PUT
  • 9 APR AMZN 3130/25 PUT

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

 

The Daily Trade: April 1, 2021: Friday pay day comes early!

Friday Pay Day came early this week with the market closed tomorrow for Good Friday.

We opened the followig 1 day vertical credit spreads today:

  • 1 APR SPX 3965/3960 PUT
  • 1 APR AMZN 3085/3080 PUT
  • 1 APR TSLA 660/655 PUT
  • 1 APR GOOG 2085/2080 PUT
  • 1 APR VIAC 45/50 CALL

The S&P 500 rallied to close above 4,000 for the first time in history, up 1.2% on the day.

The Dow rose 0.5% and the NASDAQ jumped 1.8%.

Markets always like free money and so the Biden Administration's stimulus programs are being well received.

 

Green flag, bullish conditions prevail.

The Daily Trade: March 30, 2021

Getting busier towards the end of the Holiday shortened week.

We added the following vertical credit spreads for Thursday expiration:

  1. SPX Bull Put
  2. AMZN Bear Call
  3. AMAT Bull Put
  4. TSLA Bear Call
  5. NFLX Bear Call
  6. ADBE Bull Put
  7. VIAC Bear Call
  8. GOOG Bull Put
  9. BLNK Bull Put
  10. TSLA Bear Call

AMAT is now an iron condor and we'll look for additional iron condor opportunities to place tomorrw going into Thursday's close.

Tomorrow we'll also place our customary Wednesday 1 day trade on SPX.

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods

The Daily Trade: March 29, 2021

Markets started the week flat but remian in a  configuration at overbought levels.

Today, Retirement Day Trader entered a one day SPX 3930/3925 Bullish Put spread which expired worthless, allowing us to keep all of the premium.

Other positions added were a 1 APR AMAT 230/160 Call Spread and a 1 APR FB 280/275 Bullish Put spread.

Weekly options expire on Thursday this week due to the markets being closed for Good Friday.

 

The Daily Trade: March 25, 2021

Markets gained some ground today on better than expected employment and COVID news.

We added the following positions today to set up for "payday Friday:"

  1. 26 MAR SPX 3945/55 CALL
  2. 26 MAR NFLX 530/40 CALL
  3. 26 MAR GOOG 2070/75 CALL
  4. 26 MAR AMZN 3150/55 CALL
  5. 26 MAR FB 270/65 PUT
  6. 26 MAR BABA 220/15 PUT

 

Tomorrow we'll be looking for some one day "day trades" to close out the week at Friday expiration and "Payday Friday!"

The Daily Trade: March 24, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 24 SPXMAR 3955/3960 CALL

 

 

 

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

 

The Daily Trade: March 23, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 26 MAR MARA 30/35 Put
  2. 24 MAR SPX 3880/90 Put
  3. 24 MAR SPX 3980/85 CALL
  4. 24 MAR SPX 3990/3995 CALL
  5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 18, 2021

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

The Daily Trade: March 17, 2021

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

  1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
  2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
  3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Join us for Saturday's Mini-Options Course!

The Daily Trade: May 12, 2021

Yellow Flag Warning on S&P 500!

Today's decline of 2.14% on the S&P 500 took major indexes into "yellow flag" mode, signaling the end of the bull run, at least for now, and a warning that a change in climate could be ahead.

The SPX delcined 2.1% while big tech swooned.

We added new spreads for Friday's expiration which includ an SPX trade that expired today, allowing us to take all of the profits.

Other positions for Friday include Adobe, Amazon, Alibaba, NVIDIA, Teledoc, PayPal, Nitflix, Twaiwan Semiconductor and Zoom.

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The Daily Trade: May 5, 2021: Bullish day and new positions!

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Big week so far and quite a lot of volatility.

So far, we've closed two SPX vertical put spreads and have one open for Friday expiration.

We started our "CAT SHOT" strategy with the first two trades fizzling but then the next two off to a better start.

Tomorrow (Thursday) we will position some trades for Friday expiration.

Green flag conditions persist, although, louder chatter about inflation and rising interest rates 

continues to grow.

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag conditions continue to persist.

Expansion Continues

The Daily Trade: May 3, 2021: Bullish day except for tech and we launch the "Cat Shot" strategy!

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Another green day except for the Nasdaq and big tech names like GOOG (-0.62%) FB (-0.77%) AMZN (-2.3%) NFLX (-0.85%) and TSLA off 3.5%.

We made 3% on a one day SPX bullish put spread and opened trading in our new strategy, "THE CAT SHOT'"

While we generally sell options for premium income, the CAT SHOT is an options buying program designed to generate high velocity returns from buying select, deep in the money options on stocks that are poised to launch.

We started today with Facebook (FB) and GameStop (GME) and have a couple of remaining "demo" positions in APA, DVA and PTON.

We have a mix of unrealized losses and gains in these positions and will include them from this point forward in our discussions.

Advantages of option buying are well known:

  • High potential return
  • Can go bullish or bearish with calls or puts

The disadvantages are well known, most prominently, time decay, but we feel confident in our ability to mitigate those disadvantages through excellent risk management strategies and a program that has been proven to capture explosive moves like the F18 coming off the deck!

Green flag, bullish conditions prevail. 

The Daily Trade: April 28, 2021: Indexes slip and we add new spreads

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Indexes slip in spite of Fed Chief promising no change to interest rates and positive earnings.

Google keeps flying, MicroSoft slipped, Amazon jumped, Apple was flat and Tesla fell 1.47%.

We added one new spread that expired today, a 1 day SPX Put that gave us a profit of 3.3.%

Yesterday's SPX Put spread also expired today, a 2 day trade with a 5% gain.

Nw spreads for Friday expiration:

  • 30 APR FB 330/335 CALL (IRON CONDOR WITH YESTERDAY'S PUT)
  • 30 APR NFLX 520/525 CALL

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Green flag, bullish conditions prevail. 

The Daily Trade: April 27, 2021: Stocks flat and we add new trades

Flat day on Wall Street as earnings flow in.

Pinterest got crushed after hours (down 10%) on slowing growth, and we liked that with our bear call spread benefiting from the fall.

Google jumped 5% in the extended session on good news. NetFlix remains weak.

We added more vertical credit spreads today with expirations scheduled for Friday:

  • 28 APR SPX 4120/4115 PUT
  • 30 APR PINS 87/89 CALL
  • 30 APR FB 280/275 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach as we head for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 26, 2021: Mixed day and new trades

Mixed day on Wall Street as the SPX and NDX rallied and Dow slipped a fraction.

Big week for earnings ahead with marquee names on deck led by Tesla today which reported banner Q1 sales.

We got the week off to a good start with a one day credit spread in SPX which expired in our favor for a 3% gain.

Other positions opened today include:

  • 30 Apr PTO 10/12 CALL
  • 30 APR NVAX 180/177.5 PUT
  • 30 APR SWKS 187.5/185 PUT

More to come tomorrow as we line up a mix of calls and puts for diversification and look for Iron Condor opportunities to maximize our capital reach.

Green flag, bullish conditions prevail. 

The Daily Trade: April 22, 2021: Biden tax proposal is a late afternoon cold shower for markets

Rumors of rising capital gains taxes spooked markets this afternoo with the S&P 500 dropping 0.92%.

We put on several new trades for tomorrow's expiration:

  • 23 APR SPX 4215/4220 CALL
  • 23 APR AMZN 3290/3285 PUT
  • 23 APR NFLX 517.5/522.5 CALL
  • 23 APR GOOD 2252.5/2247.5 PUT
  • 23 APR TSLA 695/690 PUT
  • 23 APR NVAX 197.5/192.5 PUT
  • 23 APR TDOC 187.5/192.5 CALL

Note that our 21 April Iron Condor in SPX expired today at market close for full profit.

We will continue adding positions tomorrow, looking for Iron Condor opportunities, and positioning ourselves for tomorrow's expiration with a diversified combination of calls and puts.

In spite of today's spasm:

Green flag, bullish conditions prevail. 

The Daily Trade: April 20, 2021: market's cool off

The SPX declined again today, down 0.7%, with "big tech" leading the way lower.

Earnings are underway and will be driving the news.

Netflix got killed in the after hours, down 8%, with AAPL off 1.26% and Amzn down 1.1% in the regular session.

We exited call options for profit, (new "Cat Shot" portfolio in test mode, not available to public yet)  in AAPL, GOOG and SPY today and look forward to introducing that to members in the near future.

In our public portfolio, we added an SPX call to form an Iron Condor going into tomorrow's expiration and are working up a basket of trades to start tomorrow to position for Friday.

Green flag, bullish conditions prevail. 

The Daily Trade: April 19, 2021: market chop continues

The SPX declined slightly today, down 0.53% while "big tech" was off with AAPL dropping 0.5%, GOOG off 0.2% and AMZN off 0.8%.

We placed two trades, a one day SPX Call expiring today which expired out of the money, allowing us to keep all of the premium, and an SPX put spread expiring on Wednesday.

Looking forward to a great week.  

In spite of today's small declines:

Green flag, bullish conditions prevail. 

The Daily Trade: April 15, 2021: markets rally back

Good day today as tech and the S&P 500 rallied.

We added the following spreads with expirations for tomorrow:

  • SPX Put
  • AMZN Put
  • FB Call
  • SQ Put
  • NFLX Put
  • Goog Put
  • BIDU Call
  • TSLA Call
  • TDOC Iron Condor
  • RIOT Call

Green flag, bullish conditions prevail. 

The Daily Trade: April 14, 2021: markets slip; as tech declines

We had some negative returns today as tech slipped and the S&P 500 declined 0.41%.

We added new trades including a one day SPX credit spread, and bear call spreads in NVDA and BABA.

More trades to come tomorrow as we set up for Friday weekly expirations.

Green flag, bullish conditions prevail. 

The Daily Trade: April 13, 2021: One trade for tomorrow expiration and some new positions for Friday expiration!

Added some some trades for tomorrow and Friday expirations!

Added an SPX vertical credit spread for tomorrow's expiration.

Setting up for Friday Pay Day with spreads in MARA, RIOT, and GME

5 trades for the week so far!

Green flag, bullish conditions prevail. 

The Daily Trade: April 12, 2021: Good one day trade to start the week!

Good one day SPX trade to get the week started!

We set up a one day vertical credit spread in SPX, for a quick $350 profit on$5,000 margin, a quick 7%, one day profit.  (Shhhh! Don't tell the trading gods so we don't make them mad!)

"Tomorrow's another day," as Scarlett used to say, and we're psyched about opportunities in GME, CCIV, MARA and GSX! 

Green flag, bullish conditions prevail. 

The Daily Trade: April 9, 2021: Friday PayDay and New Records!

It's Friday PayDay!

And new records for the Dow and S&P 500

We added six new one day positions for today's expiration:

  • 9 APR SPOT 277;5/282.5 CALL
  • 9 APR INTU 415/410 PUT
  • 9 APR MARA 50/55 CALL
  • 9 APR ADBE 505/510 CALL
  • 9 APR BIDU 227.5/232.5 CALL
  • 9 APR NBDA 580/585 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term which reduces risk and puts Theta (time decay) squarely in our favor.

Green flag, bullish conditions prevail.

The Daily Trade: April 8, 2021: Bullish market continues

Market advance continues:

We added new positions today on the way to tomorrow's expiration:

  • 9 APR BABA 235/240 CALL
  • 9 APR AMZN 3390/95 CALL
  • 9 APR PAYPL 257.5/252.5 PUT
  • 9 APR GOOD 2185/2180 PUT
  • 9 APR NFLX 542.5/537.5 PUT
  • 9 APR TSLA 7175./722.5 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term heading into Friday's expiration.  This provides reduced risk and puts Theta (time decay) squarely in our favor.

We also have one Iron Condor position in AMZN and will look for more opportunities in one day trades tomorrow.

Green flag, bullish conditions prevail.

The Daily Trade: April 7, 2021: Markets move fractionally higher

Quiet day on Wall Street as markets moved fractionally higher.

We conitnued adding new positions as we head towards Friday expiration.

  • Our SPX iron condor spread expired with both legs out of the money, allowing us to keep the full premium.
  • We added a new 9 APR SPX 4000/3995 Put for Friday expiration.
  • We added a 9 APR ETSY 210/15 Call spread for Friday expiration
  • New 9 APR OSTK 67/70 Call Soread
  • New ABNB 192.5/197.5 Call Spread

  Tomorrow will be a busy trading day as we take two day spreads to line up for Friday expiration.

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

The Daily Trade: April 6, 2021: Mixed markets today

Mixed markets today after recent records.

We added the following positions:

  • 7 APR SPX 4130/35 PUT
  • 9 APR AMZN 3130/25 PUT

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

 

The Daily Trade: April 1, 2021: Friday pay day comes early!

Friday Pay Day came early this week with the market closed tomorrow for Good Friday.

We opened the followig 1 day vertical credit spreads today:

  • 1 APR SPX 3965/3960 PUT
  • 1 APR AMZN 3085/3080 PUT
  • 1 APR TSLA 660/655 PUT
  • 1 APR GOOG 2085/2080 PUT
  • 1 APR VIAC 45/50 CALL

The S&P 500 rallied to close above 4,000 for the first time in history, up 1.2% on the day.

The Dow rose 0.5% and the NASDAQ jumped 1.8%.

Markets always like free money and so the Biden Administration's stimulus programs are being well received.

 

Green flag, bullish conditions prevail.

The Daily Trade: March 30, 2021

Getting busier towards the end of the Holiday shortened week.

We added the following vertical credit spreads for Thursday expiration:

  1. SPX Bull Put
  2. AMZN Bear Call
  3. AMAT Bull Put
  4. TSLA Bear Call
  5. NFLX Bear Call
  6. ADBE Bull Put
  7. VIAC Bear Call
  8. GOOG Bull Put
  9. BLNK Bull Put
  10. TSLA Bear Call

AMAT is now an iron condor and we'll look for additional iron condor opportunities to place tomorrw going into Thursday's close.

Tomorrow we'll also place our customary Wednesday 1 day trade on SPX.

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods

The Daily Trade: March 29, 2021

Markets started the week flat but remian in a  configuration at overbought levels.

Today, Retirement Day Trader entered a one day SPX 3930/3925 Bullish Put spread which expired worthless, allowing us to keep all of the premium.

Other positions added were a 1 APR AMAT 230/160 Call Spread and a 1 APR FB 280/275 Bullish Put spread.

Weekly options expire on Thursday this week due to the markets being closed for Good Friday.

 

The Daily Trade: March 25, 2021

Markets gained some ground today on better than expected employment and COVID news.

We added the following positions today to set up for "payday Friday:"

  1. 26 MAR SPX 3945/55 CALL
  2. 26 MAR NFLX 530/40 CALL
  3. 26 MAR GOOG 2070/75 CALL
  4. 26 MAR AMZN 3150/55 CALL
  5. 26 MAR FB 270/65 PUT
  6. 26 MAR BABA 220/15 PUT

 

Tomorrow we'll be looking for some one day "day trades" to close out the week at Friday expiration and "Payday Friday!"

The Daily Trade: March 24, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 24 SPXMAR 3955/3960 CALL

 

 

 

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

 

The Daily Trade: March 23, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 26 MAR MARA 30/35 Put
  2. 24 MAR SPX 3880/90 Put
  3. 24 MAR SPX 3980/85 CALL
  4. 24 MAR SPX 3990/3995 CALL
  5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 18, 2021

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

The Daily Trade: March 17, 2021

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

  1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
  2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
  3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Join us for Saturday's Mini-Options Course!

The Daily Trade: March 24, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 24 SPXMAR 3955/3960 CALL

 

 

 

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

 

The Daily Trade: March 23, 2021

Markets weakened today but remain in bullish configuration.

We added the following positions today:

  1. 26 MAR MARA 30/35 Put
  2. 24 MAR SPX 3880/90 Put
  3. 24 MAR SPX 3980/85 CALL
  4. 24 MAR SPX 3990/3995 CALL
  5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

The Daily Trade: March 22, 2021

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 19, 2021

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

The Daily Trade: March 18, 2021

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

The Daily Trade: March 17, 2021

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

  1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
  2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
  3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Join us for Saturday's Mini-Options Course!

The Daily Trade: March 16, 2021

Mixed markets today as the Fed met and investors await tomorrow's news on interest rates.  Green flag, bullish conditions, prevail.

We added an SPX Bullish Put option position, the March 17 SPX 3900/3890 which did well as the SPX slipped 0.16%.

Learn about our "Blue Oceans" and "Cat Shot" strategies at Saturday's Retirement Day Trader Options Mini-Course!

The Daily Trade: March 15, 2021

Today we added our usual Monday morning 1 day SPX option spread.

It was the 15 March 3905/3895 Put credit spread for a potential profit of $350 with $9650 of risk and $10,000 margin.

SPX gained for the day and so the options expired worthless, allowing us to bank the full gain of 3.5% on our one day trade.

We also placed 2 other trades, what we're going to call our "Cat Shot Strategy," short term options buying of in the money puts/calls on underlying stocks for which we expect explosive short term moves, like a "catapult" from an aircraft carrier.  This is in test mode and not a public trade, and today we have a position in NVDA, a call that has $578 of open gains on a purchase of approximately $3,000.

A second "Cat Shot" didn't launch today and currently has a $540 unrealized loss but the signal is still a strong "buy" and so we'll see what tomorrow brings."

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods