The 28 May 365/385/315/295 QQQ Iron Condor circles between 25% and 30% P/L. If it hits 30% today I will take it off. If it waits until tomorrow for GDP release I hope it will jump up more. But who knows, not me. This is a pretty happy trade with a $8.5
Read MoreMy prediction for the GDP coming out on Thursday: 19.5 to 20.4 Trillion Dollars. And here is why Manufacturing Index, PMI. Finally after the Covid impact in 2020 when all numbers turned red we see a bettering in the employment numbers. While orders in manufacturing is picking up as well
Read MoreThe Volatility increased a little by about 5.5% yesterday and that made my deals hit target. Our Bear Call Spread, Selling Calls in the anticipation of a small down trend /retracement, paid out. The market is a little more shaky and hence is moving more volatile. Great trading opportunities. We
Read MoreWhen I was condensing my thoughts on the Qs the Spider also hit the target and I took it off. I was still looking at it and then a few minutes later, bang! A third hit today, all good. Closed SPY Iron Condor for 32% Profit Closed QQQ Put for 10% Profit
Read MoreFinally the Red Candles came down on us. Excitement of crashing markets? The market pulled back for 3 days on the QQQs. Today after another initial drop it recovered and I closed my PUT since it hit the STOP sign. I closed it for a 10% Profit. We take what
Read MoreQQQ did not give me two more bear candles yet. Instead it moved further up. The market is pumped up with money from the government. Sooner than later it will collapse. Inflation is looming. You cannot just print money and say, hey, Everybody gets free money. Capitalism just doesnt work
Read MoreBeside managing QQQ and the SPY Iron Condor, TSM naked Call and GM, I sold another Iron Condor from IWM. What is IWM? I dont really know. A RUSSELL 2000 ETF. IWM is like a VIN number. Do I really care color, make and model of the car? No. It
Read MoreQQQ did not generate another Bear Candle today to make our Call Credit Spread a 50% profit so that we could have closed it. Instead it went up by $5.00 and made a new all time high. Our position tanked to 0.6% from 25%. As said before, if it goes
Read MoreNow today came the candle we were all waiting for. QQQ made a red candle and the price dropped $4.50 the share. We were forced to roll our position out in time yesterday and thus collected 200% of the original premium. Our original entry was lower and would have been
Read MoreOK Guys. This post will be the detailed description on HOW to put a small pipe into the huge Market River. We like the steady flow. We will divert waters onto our fields to grow our fruits. The fruits of hard labor. So we dont want to become too greedy
Read More
English
Filipino
French
German
Hebrew
Punjabi
Spanish