Options Trading Newsletter - Issue #158 - Opportunities... [Options Today - Trade Updates]
Opportunities...
Opportunities…
In the journey of life, opportunities flutter by, often unnoticed until they've passed. At times, it's our limited exposure, understanding, or knowledge that blinds us to these fleeting moments. The realms of the stock market, cryptocurrencies, business ventures, or even a pivotal employment or career shift are brimming with these missed chances.
Have you ever paused to reflect on the opportunities you've missed over the last 5-10 years? Taking a moment to catalog these missed chances and reassessing their potential relevance today can be enlightening. Why overlook an opportunity that still promises to yield benefits?
Our daily routines often shroud our perception, preventing us from noticing the events unfolding around us. We later lament, realizing we were at the right place and time but somehow failed to capitalize on it. I, too, have let numerous opportunities slip through my fingers, citing the age-old excuse of 'not having enough time.' However, I've come to realize that the luxury of time is not on my side, as the window for many of these opportunities is gradually closing. The urgency to seize what remains has never been more critical. The thought of having to explain to my children why I missed those opportunities during my time fills me with dread.
Now is the moment for action. It's imperative for us all to dedicate a few hours—time that can pave the way for a prosperous future, saving years of toil and ensuring a brighter outlook for ourselves and our families. The mantra should be simple: Assess, Act, and Achieve.
We often find ourselves bogged down by our daily routines, yet it is crucial to lift our heads and survey our surroundings. Identifying and seizing opportunities requires not just vigilance but also a willingness to take risks. While it's true that not every opportunity is worth pursuing, distinguishing between the fleeting and the substantial can make all the difference. Assess what opportunity is available, act on it and achieve the results.
In conclusion, I urge you not to let passivity define your future. Reflect on the missed opportunities and understand that it's never too late to change your trajectory. By embracing the mantra of 'Assess, Act, and Achieve,' you pave the way for not just financial prosperity but also personal growth and fulfillment. Let's not wait for the perfect moment but make the moment perfect by seizing the opportunities that life presents.
SPX (5234)
The Fed Chair did nothing different this time round and left the rate unchanged as expected. 3 rate cuts still in play, although the market expectation came down from 6 beginning of the year, 4 after and now 3?? Perhaps, but more possibly going down to 2 by June, the next Fed rate meeting.
From the last rally SPX since October 2023, SPX has gone up 28% and there is hardly any retracements during this run. However, we do see some waning in the momentum as the momentum histogram has started to turn colour. The last rounds we saw around 9-10% retracement, assuming at the current price level, a 10% retracement could possibly bring SPX to 4700-4800 levels.
Trading range for the week is 5150 to 5350.
NDX (18339)
The NDX made new highs of 18464 during the week but faced resistance and came down slightly on Friday. We could see at levels above 18,000, NDX is trading in a choppy way and moving sideways within a band 18000-18500. The trend is still up and has not changed so far, albeit a weaker momentum like SPX.
This week, GPD and unemployment claims expected on Thursday. The Fed chairman speaks on Friday but, it will be an exchange holiday. So any information will only be reflected in the following week’s trading.
Trading range for the week is between 18000 to 18850.
HANG SENG INDEX (16579)
HSI is lacking momentum for now to sustain any higher price level, it continues to trade at the lower range of the trend channel, in fact it breached below. We need to see HSI breaching above 16750 before we see a higher move up. As otherwise, it could trade sideways on lower range with small impulsive move up when hitting buying support at 16400 levels.
Next target upside, 16750 with support at 16200.
OPTIONS TODAY - LONG JAPANESE YEN FUTURES
Japan has came out of the negative interest rate for the first time since 17 years. Now holding at 0% to -0.1%. Notwithstanding, JPY came down instead of strengthening, as probably that has been price in much earlier and the reiteration of the BOJ on to the end of the negative interest regime came not as a surprise. In fact, we did anticipate that Yen futures will drop down to the support line more so on the US Fed policy affirmation, it just came in much earlier and more than anticipated breaking support. In any case, we still see that it is holding since a week at 0.000067 level.
If you entered the Bull Put Spread earlier at the red 0.00006745, the trade might show losses but it should hold and need time to move back up. As mentioned any entry should be at or below 0.000065 or Delta 15 and below.
OPTIONS TODAY - STATUS UPDATE - BEAR CALL SPREAD ON SPY
SPY closed at $421 last week which is close to our short call at $430. The trade is at a small loss for now. We will wait to see what happen in this week to decide if any management is required.
We need SPY to come down by 10 points to get back in health in the trade.
OPTIONS TODAY - TRADE STATUS ON BA RATIO SPREAD
BA recovered quickly now trading at $188.85 after hitting a low of $177.52.
The trade is now in a good position and in profits as we saw it holding support close to our earlier red line in the chart. As the trade has no risk on upside, BA can move higher and we still gain on the trade. However, we should closely monitor if there are any change in trend from the momentum histogram. Just like last Bull Call Spread on BA which suddenly turned to loss close to expiry, knowing BA, it will not be surprising if BA can make sudden u turn in price if negative news hit the market on its planes.
HELP US GROW
If you find our Newsletter insightful and helps you in your trading, please help us by sharing it to your friends. Your help in getting more people engaged will be great inspiration to us to continue sharing our thoughts on the market and options trading. There are hundred of readers getting insights weekly, if each of you add one subscriber for us one week, we will explode in time and can do much more for the readers when we achieve a larger audience. Thank you in advance for letting the word out!
TRADERS TALK
Review some of our most interesting trade shows in past Traders Talk. The training topics touched are useful insights and relevant if you want to understand the depth of options trading and strategies.
View Past Traders Talk here.
TIKTOK VIDEOS
If you like our videos, please give us a ❤️ or drop a comment on it!
Believe. It only takes 1 minute to change your life. #believe #motivation #inspiration #life #success
Understand this and you will gain a fulfilling life...😌 #motivation #success #inspiration #lifegoals
Earnings play on HOOD
Life is a play. Your are your own director, screemwriter & actor in life's play. #motivation #success
We can no longer live the way our parents did, the world have changed. Don't conpromise your family and our future generations... evolve with the times..understand it and we will prosper.
We start a market education series to help aspiring traders understand how to become successful in trading.
Market Psychology…
What drives the market? Understand this to be a better trader 😉 #stockmarket #trading #bullrun
Struggles… Pain is inevitable, suffering is Optional.
So make each drop of your sweat worth it throughout your struggles in life... 😉
#struggles #motivation #inspirationalquotes
Happy New Year and May 2024 open new doors for you…
Merry Christmas & Happy New Year… May 2024 be blessed with new beginnings and continued success for all…
Enable 3rd party cookies or use another browser
AI Validation on Options Strategy - GLD ETF using Strangle. We used ChatGPT Code Interpreter to backtest the strategy and WIN probabilities. #AI #optionstrading #chatgpt #codeinterpreter
Options Today - Bullish Trade on Apple. Increase Probability of Profits from below 40% to more than 80%. Trade as explained in our Options Trading Newsletter No.124. 31 July 23
Options Today - Trade on GLD As described in our Options Trading Newsletter Issue No.123, Jade Lizard on GLD. Entry 26.7.23. [This video is AI from my personal voice] 🤭 #optionsstrategy
Understanding IV - Part 1 - Understanding IV relation to options premium and how to read different measurement of IVs.
Understanding IV- Part 2 - How to use IV to trade GLD ETF.
DELTA is one of the most important Options Greek. Understand what it represents and how to use it to improve tour trading and how it is used for hedging and also capital and return management.
Iron Condor Trade on XOP. Get FREE petrol trading options. FREE Options Trading Newsletter https://mystylework.substack.com.
How to use Advanced Options Strategies to hedge your long term stock investment for free. Learn Options Trading for Free
Trading Options Using Jade Lizzard strategy. Get free petrol subsidies trading XOM 😏 #optionstrading #investing101 #stockmarket #xom
Banks don't want you to know this secret. Revealed in one of our earlier Traders Talk in June 2021. #banksecrets #investing101 🌈✨🏝️
Generate Property like cash flows from the stock market with only one fifth the capital. #Hello2023 #propertyinvesting #rentalincome #investing #stockmarket
Investing 101. It is difficult to catch the bottom and catch the best prices but we can tranch in our buy points so we can get the best overall long term returns without missing the boat. #hello2023 #investing #apple
Trade Digest on XBI - Trading Range using Iron Condor options strategy live from Traders Talk 27 Dec 22. #optionstrading #tastyworks
Long Trade on JD. Trade setup from Traders Talk 6 Dec 22 #optionstrading #tastyworks — www.tiktok.com TikTok video from Mystylework (@mystylework.trade): "Long Trade on JD. Trade setup from Traders Talk 6 Dec 22 #optionstrading #tastyworks". JD Long Trade | 6 Dec 22 Traders Talk | Like & Share ♥️. Lazy chill out, romance overseas celebrity, 10 minutes(1019319).
Trade Digest On XLE using Iron Condor #optionstrading #optionsstrategies — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "Trade Digest On XLE using Iron Condor #optionstrading #optionsstrategies". Iron Condor on XLE | Trading in Range Use A Neutral strategy | Iron Condor | .... Lazy chill out, romance overseas celebrity, 10 minutes(1019319).
5 ways to reduce cost of calls. The ultimate traders' guide. #optionstrading #optionsstrategies — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "5 ways to reduce cost of calls. The ultimate traders' guide. #optionstrading #optionsstrategies". 5 Ways To Reduce Cost Of Calls | options trading | traders | .... Lazy chill out, romance overseas celebrity, 10 minutes(1019319).
Trading options with 68.2% probability using Expected Move 😎 #optionstrading #trading101 — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "Trading options with 68.2% probability using Expected Move 😎 #optionstrading #trading101". Expected Move | How to trade options | trading options | .... Corporate Uplifting Inspirational Motivational Pop Rock Piano Violins Theme Song.
mystylework.trade (@mystylework.trade) on TikTok — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade). Butterfly Trade | How to setup low cost high returns options trade | Learn to trade options | .... Lazy chill out, romance overseas celebrity, 10 minutes(1019319).
Winning Options Strategies everyday. Creating high probability low risk trades 😎 #optionstrading #optionsstrategies #elonmusk @tastytrade — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "Winning Options Strategies everyday. Creating high probability low risk trades 😎 #optionstrading #optionsstrategies #elonmusk @tastytrade". Elon Musk | Stock trading | Another WIN 😎 | .... Sunrise.
Twitter shareholder's meeting for takeover by Elon Musk 13 Sep 22, 10am. Lets trade... #optionstrading #optionsstrategies @tastytrade — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "Twitter shareholder's meeting for takeover by Elon Musk 13 Sep 22, 10am. Lets trade... #optionstrading #optionsstrategies @tastytrade". select Nov 18 expiry | Sell ATM call strike 43 | recheck ATM price on open on Monday | .... TikTok's song-like tropical house(974524).
J.Powell's Message yesterday in 1 minute... @tastytrade #optionstrading #optionstrading #stockmarket — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "J.Powell's Message yesterday in 1 minute... @tastytrade #optionstrading #optionstrading #stockmarket". Fed Message??? 🏦 | Responsibility For Price Stability.... | Inflation Target | .... Suns.
What to expect for this week's market.. #optionstrading #optionsstrategies — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "What to expect for this week's market.. #optionstrading #optionsstrategies". SPX down 141 points (3.37%) last Friday after J.Powell speech | Monday another 27 points drop | but we see some slight support at 4000 level above daily 50 MA | .... Change My Mind.
Option Trade on JD - watchlist at last Traders Talk on 9 Aug. Closed today $922 profit 🤑 #optiontrading #tradingstrategy — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "Option Trade on JD - watchlist at last Traders Talk on 9 Aug. Closed today $922 profit 🤑 #optiontrading #tradingstrategy". Option Trade JD covered potential trade during 9 Aug Traders Talk Entry 9 Aug Exit 26 Aug Profit $922 | watch till end to see the trade we did 😉 | Option Trades Adjustments - Based on Price Actions | .... YOU'RE MY SUNSHINE.
Hawkish remarks by J Powell crushed the market - pullback expected until Next FOMC in Sept 21. Watch for key points raised #optionstrading #optionsstrategies — www.tiktok.com TikTok video from mystylework.trade (@mystylework.trade): "Hawkish remarks by J Powell crushed the market - pullback expected until Next FOMC in Sept 21. Watch for key points raised #optionstrading #optionsstrategies". Key Points For Traders | Here's what JP said.. | > rates will go up until inflation is down to 2% | .... Flip through.
Visit and follow us at our Facebook Page for more contents!
Access here >>Facebook Page<<
DISCLOSURES
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options: https://www.theocc.com/components/docs/riskstoc.pdf
MYstyework is an Online Financial Literacy Educator and materials provided is solely by MYstylework and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. MYstylework, through its contents, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. MYstylework is not in the business of transacting securities trades or an investment adviser.