UVXY June 21, 2024 a good divergence but no clear pattern on SPY

Uncategorized Jun 26, 2024

At the start of the trading day Friday, June 21, 2024. UVXY, the short volatility ETF reached a new high near 26.2. The 10-minute chart clearly shows the higher top with the MACD diverging down. We expect The SPY to show the opposite and anticipate an opportunity to find OTM calls on SPY under 10 c and expiring that same day.

 The 10-minute chart of SPY at that time did not display a clear pattern with MACD divergence to the upside. Our opportunity to make money without the pattern in place is limited. Looking at call options expiring June 21, the first options available under 10 c were the 548s. They crept up to 14c and fell away from there.

 With no clear pattern on the major market ETF, we returned to UVXY and examined the options. The chart below shows the UVXY 25 put around 7c and rose to 60c in 2 hours.

While this is a good move, the volume on these options is in the hundreds rather than the many thousands we usually like for the major ETFs, and trading fewer...

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SPY 534 Puts June 7, 2024

Uncategorized Jun 07, 2024

Are you paying attention? 1:45pm Eastern 10:45 Pacific There's the VXX clearly showing a divergence on the 5 minute bars. Went right over to SPY not as clear a pattern but a divergence down 534puts exp today 9c at 1:50pm EST over a $1 by 2.10pm EST

VXX diverging up on MACD June 7, 2024 5-minute chart


SPY small divergence down June 7, 2024 5-minute bars

SPy 534 puts expiring June 7, 2024, rose from 9c to $1

#MACD #optionstrading

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Message from Dale Wheatley - I would be delighted to have you join me

Uncategorized Apr 10, 2024
Hi Options Traders,
In a recent interview, I shared insights from my 40 years of trading experience, emphasizing the crucial role of discipline, focus, and above all, PATIENCE in achieving success with options trading using my methods.
 During the interview, we witnessed a remarkable pattern on the Qs that yielded a live profit of 500%. Despite not being the most exceptional pattern or market day, this success unequivocally validates the effectiveness of our approach at the Options Hunter. We even observed the 1-minute bars for a timely exit point based on MACD turn down.
Now, let me emphasize the urgency: from April 22nd to 26th, 20-24, I've reserved my entire schedule to work closely with those of you who are truly committed to seizing these types of trading opportunities during live market hours.
Our sessions in January 2024 were completely sold out, and I want to ensure you don't miss out this time. We intentionally keep these sessions...
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Meteoric Rise in QQQ and SPY Puts Today from under 10 c to over $8

Uncategorized Apr 04, 2024

So you buy a hundred contracts, the ten thousand shares you're controlling at seven cents So how much is that $700 right? So you have almost your thousand dollars there and only a hundred contracts. But just a couple of hours later, you see your $700  investment turned into, Oh let me see here What's a hundred times seven hundred That's $70,000. That would be $80,000+ in about two hours. I just have to ask you the question Is a little bit of patience worth it in a situation like this?

#optionstrading #optionstradingtips #optionseducation #optionstradingstrategies 

Live Trading Hours Zoom meet - full week coming up April 22 - 26, 2024. Limited seats left 



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Market Action During Live Interview with the Options Hunter

Uncategorized Mar 29, 2024
Check out what happened during this live interview with Dale during market hours on Thursday, March 28, 2024.
500%  gain LIVE during the last 90 minutes of trading 3-27-24 QQQ 446 calls. These options expire today, you've got an hour left It might move up it might move down Who cares? But the technical pattern says it's still strong And as long as the price is strong then I'm going to stay with it. #optionstrading #optiontradingstrategies #optionstradingtips
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QQQ setup March 8, 2024

Uncategorized Mar 14, 2024
Dale's Nightly Update on Friday, March 8, 2024, highlighted the QQQ divergence to the downside on the 10-minute chart at 10:20 Eastern (7.20 Pacific). The VXX 10-minute chart had started trending up from the Opening Bell which added confirmation to this divergence.
The QQQ Chart clearly shows the strength of the divergence below.
 The  QQQ 440 Puts that expired on March 8, 2024. Entry clearly around 3c, and exit before the QQQ MACD turned around. 5000% gain.
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🌟 Master Options Trading LIVE with Dale for a Full Week in April 2024! 🚀

Uncategorized Feb 23, 2024

Exciting News Alert!  

Five Full Days in One Week is Back for April 2024

Limited Seats Available!

 We're thrilled to announce that we have a limited number of seats available for this amazing 5-day experience!  April 22 - 26, 2024. Don't miss out on this opportunity to join us, the last 5-day event in January sold out quickly. Hurry and grab your spot now before they're all gone!  

In 2023, our Live Trading Hours Zoom access was restricted to 2 consecutive days. However, we've been actively listening to your feedback. Based on numerous client requests, and the sell-out of January's 5-day event, we are excited to announce that we are once again extending access to 5 consecutive days in April 2024! This enhancement will enable us to maximize opportunities for identifying our MACD divergence setups.

April 22 - 26, 2024 is the Full week With Dale

For this spring event, we're excited to lighten the load on your wallet and make it even...

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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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Five Full Days in One Week

In the past, our Live Trading Hours Zoom access has been restricted to 2 consecutive days. However, we've been actively listening to your feedback. Based on numerous client requests, we are excited to announce that we are extending access to 5 consecutive days! This enhancement will enable us to maximize opportunities for identifying our MACD divergence setups.

January 22 - 26, 2024 is the Full week With Dale

This holiday season, we're excited to lighten the load on your wallet and make it even more...

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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.
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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