ESZ0 Trade on Oct 8, 2020 15:48 from Marius: Tradervue User Stock Trades.

This was a follow up trade to the prior short call that reversed. Also on the weeklies w/ next day expiry.

Markets trending stronger as a whole with good breadth and above inflection levels. Re-initiated positions in the mid-long term account that is currently about 40% up for the year. Positioning for earnings releases starting next week. Seems to be more upside risk seeing reports last quarter beating lower estimates, stimulus negotiations, pending vaccine end of development news, and elections coming to a close end. Volatility is still elevated but is trending relatively lower as markets gain more strength on trend.

More positive news flow and economic reports that are helping with the bullish momentum as of recent. Also worth noting bonds and metals on the weaker side with outflows. Possibly leading into equities inflow.

Intraday Fundamentals

RVOL 0.57
AVOL 1.864M
ATR 67.78

Options Statistics (overnight data)

SI 0.34
IV 25.84%
IVP 13%
P/C Ratio 1.785
VWAP 3452.77

More Puts traded than calls at a 0 - 20 delta

Options Position Metrics (overnight data)

OI 4,307
Vol 61
Delta -.01
Theta -.10
Vega .03

Still working on strikes that makes sense to my current strategies. Not increasing risk narrowing them but expanding range with available trading products.

Technical Analysis

Buyers in control with more momentum. Above 3400 HTF inflection and HTF anchored vwaps.

Tape Reading

500 short put order at 3250. 176 short call order at 3490.

Trade Review

Markets continued to trend higher into the end of the week with NQ picking up momentum. Q3 ER starts next week with technology following. Positioned in the mid-term account for earnings and will be looking for movement in the coming weeks for the active account. VIX is also decreasing interestingly as elections come closer.

Trade closed OTM and premium was kept. Will be finishing up SMB Options Foundations within a week or two just in time for earnings season ramp up.

Everything was executed the way planned. Not much more improvement here I could think of at the moment. Managing risk and putting the trades on when I see it. Job is to put the trades on when they are there and not to risk more to make more profit. The consistency is present and the profit will continue and change with the market conditions and type of trades placed. Not there yet..

"One good trade, and then one good trade."