Author Archives: TraderHank

I’m starting to smell the coffee trading options…

Posted on July 27, 2015 by TraderHank
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      Well, here are my last twenty options trades selling out of the money call and put credit spreads with a few directional plays as well.  Instead of using a simulator, I’m trading with only 1 contract.  I … Continue reading →

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Day Trading Zones 360 Mastery

Posted on June 28, 2015 by TraderHank
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  I took off last week from my equity trading to go through Marc Nicolas’ week long Options boot camp.  This was an intense week of learning Options at a mastery level.  I thought I had come into this week … Continue reading →

Posted in Options | Tagged | 6 Comments

This morning I found the QQQ not shortable…

Posted on June 19, 2015 by TraderHank
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  I had the perfect short entry in the Q’s this Friday morning on a day that I thought I’d be lucky to find a trade due to my small list.  The QQQ had gap down ending the 5 minute … Continue reading →

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Bought SPY Put 207.5/207

Posted on June 17, 2015 by TraderHank
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spy option 06172015 I just picked up this SPY Put debit spread for .26 cents expiring July 31st.  Currently SPY is at 27% IV rank which is not good for credit spreads and I do have a lower target for … Continue reading →

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Defending BABA

Posted on June 17, 2015 by TraderHank
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  I decided to add to my defense of my 87.5/86.5 put credit spread by adding another put credit spread even lower at the 85.5/84.5 collecting .12 cents (12%) for a 2 day hold.  After the gap up in BABA … Continue reading →

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A look at my options plays for the week of June 14th-20th

Posted on June 16, 2015 by TraderHank
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  Below is my current options positions which are few as many of my credit spreads profited last week.  I’m off to a slow start due to the FOMC announcement on Wednesday.  Hopefully, I can find some spreads by late … Continue reading →

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Nice little trade in PG

Posted on June 16, 2015 by TraderHank
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  The last two days have been a grind while the market waits for Wednesday’s FOMC announcement.  My trade today is very similar to my trade that I took yesterday in the market in the QQQ where I made .25 … Continue reading →

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A few plays for the week…

Posted on June 12, 2015 by TraderHank
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 I’ve been spending more time with my options trading vs equity trading because of the ease and huge advantages that option trading provides.  One advantage is that you know ahead of time what the odds are before you place your … Continue reading →

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The Q’s finally roll over and play dead!

Posted on May 29, 2015 by TraderHank
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Unlike my previous post, I got this trade right. Nice topping tail bar COG forming… Looking good so far… After my short play took off, I started to manage bar by bar on the 2 minute chart deciding to cover … Continue reading →

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Law of momentum explained…

Posted on May 29, 2015 by TraderHank
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I had a text book 15 minute PSS that triggered in CVS today. It failed, but there are a few things that can be learned by this play. First the play triggered during lunch, 11:15am -1:50pm EST is the toughest … Continue reading →

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