Early in the session we got some pitiful economic data, consumer confidence missed by 10 points and following in the tradition of the past decade, stocks took off.
LFG! I'm really looking forward to see how you play this market given where the VIX is at. Last year you made fantastic returns with VIX much higher. I'm super curious what you're going to do in this market. Brilliant call on AMZN for the summer.
Thanks man, the plan really is to take these names seeing flows,find the strong charts and sell puts to try and establish positions, from there take shares, sell calls,etc. it’s a bit easier not using margin because you don’t have to dance around daily but I would love to see the vix go higher so I could add that element back in. Overall just excited to have something to do, the last few months I sorta died inside lol
The bottom? What do you mean they’re just put sales. Calls sold section is not happening bc it’s too hard to tell if it’s covered calls or a closing trade
I guess I'm just trying to figure out the significance of put sells. I usually do them on stock taht I like but don't need to own. I do it at the strike where I think is the bottom. Sounds like that section for u doesn't have that set assumption?
It’s the only way to get it out intraday to where the daytraders can make moves intraday. That’s why I don’t charge $200 or more like the other services, I know I’m not giving a full day but I do add it all to my database and if there is more odd action I note it the next day. There’s really no way to make everyone happy but I want the people who want to trade intraday to have access to data
Yes, the options data is from the open till whenever I hit send, the table is the last thing I add to the recap even though it’s in the middle. The reality is 80% of the days options action happens before noon anyhow
Thanks bud. But if u see anything that stocks out afternoon please put it in next day if possible especially if it's months out! Thanks bud! Love the work!
No this is fantastic! I love having a mid day report. And I hate reading options flow... I llike trading futures in the am and I start looking for plays after 12 noon.
Can anybody help me get into the discord? I've asked James a few times but he hasn't been able to help me. I deleted my welcome email, so don't have the credentials to log in.
Congrats James on the AMZN leaps. Pretty inspiring ;)
Welcome back James!
Ha! Do I dare venture in the current trades channel with all of you?
LFG! I'm really looking forward to see how you play this market given where the VIX is at. Last year you made fantastic returns with VIX much higher. I'm super curious what you're going to do in this market. Brilliant call on AMZN for the summer.
Thanks man, the plan really is to take these names seeing flows,find the strong charts and sell puts to try and establish positions, from there take shares, sell calls,etc. it’s a bit easier not using margin because you don’t have to dance around daily but I would love to see the vix go higher so I could add that element back in. Overall just excited to have something to do, the last few months I sorta died inside lol
LOL!!! I hear you! Life in business and the markets is fun!
Good work James.
Thank john
Actually 2 more questions. Does Ur puts sold section imply those strikes are the bottom?
And second will u ever do a calls sold section?
The bottom? What do you mean they’re just put sales. Calls sold section is not happening bc it’s too hard to tell if it’s covered calls or a closing trade
I guess I'm just trying to figure out the significance of put sells. I usually do them on stock taht I like but don't need to own. I do it at the strike where I think is the bottom. Sounds like that section for u doesn't have that set assumption?
Hey James so I noticed you got these letters out around 1pm... So all ur unusual options activity is from each morning till 1pm?
It’s the only way to get it out intraday to where the daytraders can make moves intraday. That’s why I don’t charge $200 or more like the other services, I know I’m not giving a full day but I do add it all to my database and if there is more odd action I note it the next day. There’s really no way to make everyone happy but I want the people who want to trade intraday to have access to data
Last question so would it be safe to say the options flow is from 9:30 to noonish?
Yes, the options data is from the open till whenever I hit send, the table is the last thing I add to the recap even though it’s in the middle. The reality is 80% of the days options action happens before noon anyhow
Thanks bud. But if u see anything that stocks out afternoon please put it in next day if possible especially if it's months out! Thanks bud! Love the work!
No this is fantastic! I love having a mid day report. And I hate reading options flow... I llike trading futures in the am and I start looking for plays after 12 noon.
Can anybody help me get into the discord? I've asked James a few times but he hasn't been able to help me. I deleted my welcome email, so don't have the credentials to log in.
Just email me I have to get you a new link
Thanks James
Stay safe from the hurricane man