Shameless self plug I suppose but Aaron is the options moderator in the SFB Traders Premium Trading Room. Pounds out these types of trades on a daily basis plus follows big money options trades. He runs his own site with daily watchlists as well.
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SPY daily scalping using weeekly ITM (In the Money) options
Shameless self plug I suppose but Aaron is the options moderator in the SFB Traders Premium Trading Room. Pounds out these types of trades on a daily basis plus follows big money options trades. He runs his own site with daily watchlists as well.
Manual exit STC and filled Market fill @ 1.81 +.84 (+$840) using $970 in capital almost 100%
Trade position time: 40 minutes
EDIT: Looks like a may of been pre-mature with that exit. As I was expecting the market to be done. ALGO will not take another trade as it thinks it is still long. Bug I may need to fix.
Algo position cleared manually. As SPY looks to be setting up for another try.
Manual exit:
STC and filled (Market exit @ 1.17) +.27 (+270.00)
Holding time : 20minutes
STC and filled Market @ 1.20 only half position +.30 (+150)
Hold time: 9minutes
EDIT: closing remaining contracts:
STC and filled Market @ 1.77 +.87 (+435)
Hold time: 24 minutes
Nice scalp Aaron. His setup was discussed in our trading room PRIOR to him entering the trade:
