by Tom Ventresca | May 20, 2024 | SPY Power Plays
Below is a summary of the particulars of The SPY – Short Term Power Play Trades. The trades are initiated on either Monday or Wednesday. Bullish – SRO-SPY Short Term Plays: Short a Wednesday or Friday ATM +1 call. Long Friday or Monday, ATM -1 call. Underlying...
by Tom Ventresca | May 20, 2024 | Blow Off Tops/Bottoms
Quick Take: Blow Off Bottom – Bullish Trade Time Frame: Three To Seven Days. Underlying Stock: Bullish Market Edge Opinion – No Stock Position. Desired Stock Price Direction: Up. Option Position: Short Expiring ATM Put – Long Expiring ATM -2 Put...
by Tom Ventresca | May 20, 2024 | Bull/Bear Spreads
Quick Take: Bullish Put Credit Spread Trade Short weekly expiring ATM put, long weekly expiring ATM -2 put. Time Frame: One Week. Underlying Stock: Bullish Market Edge Opinion – No Stock Position. Desired Stock Price Direction: Sideways to Up. Option Position:...
by Tom Ventresca | May 15, 2024 | SPY Power Plays
Below is a summary of the particulars of The SPY – Short Term Power Play Trades. The trades are initiated on either Monday or Wednesday. Bullish – SRO-SPY Short Term Plays: Short a Wednesday or Friday ATM +1 call. Long Friday or Monday, ATM -1 call. Underlying...
by Tom Ventresca | May 13, 2024 | Blow Off Tops/Bottoms
Quick Take: Blow Off Bottom – Bullish Trade Time Frame: Three To Seven Days. Underlying Stock: Bullish Market Edge Opinion – No Stock Position. Desired Stock Price Direction: Up. Option Position: Short Expiring ATM Put – Long Expiring ATM -2 Put...
