Fed Day Slam Dunk Options Trade - I saw it coming

Uncategorized Feb 03, 2024

 “Pay attention” to the short-term charts for “The Pattern” on Wednesday between 1 and 3pm Eastern on SPY 

 Tuesday January 30, 2024 I mentioned  in my live weekly webinar 

Did I call it or what?

SPY 5-minute chart at 11.45am Pacific, 2.45pm Eastern

I clearly explained what to expect when the Fed is going to act! I look for chart patterns, same as always! The VXX had a clear upside divergence at 2:45pm EDT that led to every major market selloff! The SPY made 15 times + your money.  Brilliant, if I say so myself!! Absolutely incredible!!! 

VXX 5 minute chart at 11.45am pacific, 2.45pm Eastern clear divergence up on MACD

Returns on IWM puts did the best but even the SPY did well. Here's the SPY 485 puts that expired January 31, 2024. When the divergence was clear on VXX and SPY, the puts were around 10c. By the last 10 minutes of the day they were trading near $2!! 

SPY 485 puts expiring...

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Russell 2000 ETF IWM setup December 1. 2023

Uncategorized Dec 13, 2023

Well, like I said, I expect (based on the patterns, of course) the markets to break out to the upside! The IWM on expiration day is showing the 184 calls up 100 times from this morning! That’s 10,000%, so far!!

 

 Here are the IWM 184 calls that expired on December 1, 2023. Entry clearly below 10c, and exit when MACD turned down at around the $1 level.

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$$$ Oct 6 was a slam dunk trading day $$$

Uncategorized Oct 10, 2023
$$$ Oct 6 was a slam dunk trading day $$$
 
UVXY 15 minute MACD divergence down with double top on price.
 
S
PY 15 minute MACD divergence up with double bottom on price.
 
 
Out-of-the-money options on Spy the 430 calls expiring 10-6-23 entry @3c exit @1.2.
 
 
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Even on quiet market days there's money to be made

Uncategorized Sep 27, 2023
Today, September 27, 2023, the market has been on a down tear but midway through the day the signs of a turnaround were apparent. On the 15-minute chart of the QQQ there was a modest MACD divergence to the upside, not our usual clean pattern, but still signs a turnaround was in the works.
 
 
Buying the QQQ 364 calls expiring today 9/27, could be had for around a dime. Exit within 60 minutes for just under 39c. 3+ times your  money. Not our best pattern ever but still not bad for 60 minutes.
 
 
The markets are at a pivotal point moving down, will the September effect continue?
The rally appears over and the Russell 2000 is performing much worse and still in a bear market. UVXY is up almost 50%. There lies a great opportunity for our options trading.
 
This October is your opportunity to be in the midst of events by joining Dale in his Live Trading Hours Zoom session
October 18 -19, 2023
 
Immersive, interactive, and intense, these...
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September 19, 2023 another UVXY classic Volatility Setup  

Uncategorized Sep 22, 2023

 

Tuesday September 19, we saw a divergence to the downside on UVXY on the 10-minute chart, indicating Volatility was about to head down despite UVXY prices being at a new high for the day. What Does This Mean? The markets are likely headed higher..

 

 

The SPY 10-minute chart below shows us the MACD divergence up at the same time as the UVXY is doing the opposite. This provides us more momentum to the move thats coming.

 

 

That upside divergence on SPY gives us confidence that the markets are likely to move higher. In the chart below we Selected OTM calls on SPY expiring the same day 9-19-23, the 443 calls gave us an entry for @2c. 

 

 

The MACD on the SPY 10-minute chart below turned down around 90 minutes into the trade. We could exit at around 23c for a nice 10 times your money.

 

The SPY 10-minute chart below also gives us a possible reentry point...

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The UVXY tells us  there's money to be made

Uncategorized Sep 14, 2023

 

 Dale tweeted about the September 5, 2023 action on UVXY

 "See, you cannot WAIT for the price to move! You’ve got to believe in the charts and what they say about the price! Does it belong higher or lower? Not, where it is!! What did the 30 min UVXY chart say yesterday late in the day?? Did the lower time frames confirm it???"

 

 

UVXY began moving up sharply the last hour of the trading day 09.05/23. We know this increase in volatility can lead to a fall in the markets. In that last hour of trading, SPY began moving down.

 

 

Selecting OTM Puts on SPY expiring on 09/06/23, the 443 Puts could be picked up for @2c late on 09/05/23 or early on 09/06/23. These Puts moved up to @30c exit within 3 hours for 10x your money.

 

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Even on quiet market days there's money to be made

Uncategorized Jul 21, 2023

Take July 19, 2023. On the 15-minute chart of the UVXY, the technical picture had been getting higher while the price was generally lower. Notice the early precipitous climb in UVXY as a consequence of the early trading on 7/19/23. 

This picture suggests increased volatility and an opportunity for us to look at puts on the major market ETFs during the morning of 7/19/23. Looking at the QQQ during that morning period, the pattern is not perfect but there is a definite divergence in place on the MACD. 

Nimble traders buying the QQQ 383 calls expiring that day, 7/19, could be had for around 7c. Exit within 60 - 75 minutes for around 30c. for 4 times your money. Not our best pattern ever but still not bad.

  You can see later that same day that the MACD fell in line with the move down on the QQQ and our puts gained in value. Once we exited as technicals turned around, you can clearly see MACD failed to break the Signal Line and turned back down at the end...

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Why do we watch the UVXY in MACD Divergence

Uncategorized Jun 05, 2023
The UVXY, or ProShares Ultra VIX Short-Term Futures ETF is more sensitive than the VIX and really designed to track short-term volatility in the S&P 500 Index. The sensitivity is a consequence of its 1.5x leverage. This makes it ideal for the Options Hunter MACD Divergence trading strategy.
 
This instrument gives us a warning on potential changes in the direction of SPY. Together with the MACD divergences on our shorter time frames the UVXY provides  another tool for us to find OTM options with divergences on the shorter-term time frames.
 
Here are a couple of charts from May 30, 2023. These 10-minute charts of UVXY and SPY show the extra lift the change in direction on UVXY brings to the SPY.
 
 
Want to learn more? Check out this
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The markets are at a pivotal point - Join Dale live for 2 days

Uncategorized May 29, 2023

The markets are at a pivotal point this summer 

The bear market on the NASDAQ is still in place, the recent rally has been all tech and mostly 8 stocks. 

 The Dow barely hit bear territory and is only 10% from it's previous high.

 Meanwhile, the Russell 2000 is performing much worse. 

 Earnings are all over the map, and geopolitical events are skewing everything, and driving spurts of volatility. 

Can we take advantage of these events?

YES. It's not the events themselves we care about. We want the volatility these events bring to us, and to use our Options Hunter strategy to leverage that volatility.

 This July is your opportunity to be in the midst of events by joining Dale in his Live Trading Hours Zoom session July 12 - 13, 2023 

 Immersive, interactive, and intense, these sessions have been oversubscribed in January and April. Seats have suddenly started to fill up for the July event. We don't want you to miss out.

 

...

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UVXY classic Volatility Setup

Uncategorized Mar 19, 2023

Check out this powerful hourly chart on the UVXY, the volatility ETF. A powerful divergence to the downside, indicating Volatility was about to head down, and of course, the markets were going to head up. 

 This event occurred after 4 hours of trading Wednesday, March 15, 2023. The same pattern was clear on the 2 hourly charts and gave us confidence that the trade could last longer than if this had been on a short time frame like 15 minutes.

 As expected the SPY was showing the opposite of UVXY, indicating a potential move to the upside 4 hours into the trading day.

The SPY 392 Calls expiring Wednesday, March 15th, despite only a few hours until expiration, could have been had for @5c and rose to a high of 50c within 45 minutes. 

The strength of the UVXY hourly and 2 hourly divergence drove the SPY higher into the next trading day, March 16th. The SPY call options expiring the 16th, for example, the 395 calls could have been had for 5c and rose to...

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