When I tell people that options trading is not gambling, some laugh. Especially those who do not understand how options trading work. News only reports someone who lost a large amount of money trading options and nobody talks about someone who makes living on options trading, because it’s boring. In this video, I explained why […]
SPX gap down and gap up this week so took advantage of the gaps by opening and closing SPX positions for a quick profit. VIX dropped quite substantially so closed most of VXX and UVXY positions since they reached the 10% profit target. 2019 performance so far https://alphapursuits.com/core-option-trading-strategies/
Closed and opened quite a few positions due to a large drop and recover at the market. SPX gap strategy seems to be working well. As predicted the gap was filled on Tuesday / Wednesday. Another small gap up was formed on Friday so will be watching closely on that. The Dec 2019 expiration VIX […]
Video Notes Continue to work on the SPX gap strategy and setting up positions to wait for the price to go down. Opened Dec 2019 expiration VIX position back in early Aug 2019, now the VIX spot price is much lower around 14 and yet the option price of my position is not going down. […]
It has been a month since the last video log so discussed the SPX, VIX, UVV, UVXY trades that I did in the last month. Also talked about why selling VXX PUT credit spread is a good idea. Is Selling VXX PUT A Good Strategy?
When I was small, my parents used to tell me to study hard, get good grades, and go to good schools. I was raised in a typical Asian family environment by typical Asian mentality parents. Working hard, was the spine of our lives. My parents dreamed of one of their kids to become a doctor. […]
SPX dropped substantially in the last couple of days. Discuss what was the driving force that caused the large decline today and how I reacted by opened/closed my SPX positions. Also discussed VIX options trade, which is tricky because of the way VIX futures work.
Price of Gold related ETF is going up, which is going against my prediction so looked into the underlying reasons.
Answered a few comments on the old vlogs. Discussed why I broke my own rules in SPX trading and why I don’t generally open vol trade positions to benefit from Volatility going up. http://vixcentral.com/
Discussed what happened in the market and why SPX went up. Didn’t place any trades today and since I don’t actively trade, will create vlog when there is something worth sharing moving forward.
Follow up on the SPX move and discussed why double diagonal might be a good strategy to use right now for those of us expecting the market to go down.
Talked about SPX went completely the opposite direction to what I hoped for. What is the plan in case it doesn’t pan out.