Using my technical edge to trade options

Discussion in 'Journals' started by athlonmank8, Sep 13, 2019.

  1. I recently came across a technical strategy that will probably put most systems to shame. I'll detail the results here.

    I typically use it to scalp during the day but this will be primarily for swings.

    HAL is set up for a bullish leg. Scooped up some Sept 20 $20 calls at .37. Looking to add if it closes green tomorrow on a gap up.

    Non option related: AUD/USD looking to continue the next leg soon. Stop below .6845.
     
    wave likes this.
  2. wave

    wave

    What is your strategy if we trade lower? Buy more Sept 20 $20 calls at a lower cost?
     
  3. If it were red today and didnt gap I probably would have closed most of it out. If yesterday's low breaks thats another good indication for me to exit.
     
  4. Up almost 100% on the calls.
    AUD/USD trending nicely.
    These are usually 1-2 day scalp trades.
     
    wave likes this.
  5. Closed out @ 1.60. 300+% gain. Certain factors obviously helped this trade.
     
    Option_Attack and Bum like this.
  6. easymon1

    easymon1

    nice job
     
  7. Thanks! I appreciate it.

    Now time to scan for another. I'll post the levels Im watching if I come across anything decent.
     
  8. wrbtrader

    wrbtrader

    anthlon,

    If you hold the position overnight...why would you refer to it as a scalp trade ?

    wrbtrader
     
  9. Whoops, sorry I mean to say swing.
     
  10. Scooped up a few FB 182.5 puts for .61. Daily close today will determine whether I hold this.
     
    #10     Sep 17, 2019