A little experiment
Seeing if there's any interest for something like this
Hi Friends,
I get a lot of DMs, discord messages, etc asking to check the indicators on ticker X/Y/Z - happy to do so when I have time but my time is wearing thin and I thought it may be a better idea to just offer a low cost weekly post of setups/levels/trade ideas/etc. and if there’s enough interest for something like this, great, if not, no biggy and will just continue posting on X when I can.
My Favorite Trade Setups (Week of 9/29):
COST:
Costco entering into a large demand area where we note previous buy signals have fired and were successful trades. $888-$880 area would be ideal entry and would target $935-$940 on a bounce. A good way to trade these setups would be with 30-60DTE at the money put credit spreads / shares / or call spreads ~30 DTE.
Reason I like setups like this so much, the risk is VERY defined, 3% stop loss around $858.
RTY:
Daily printed a sell on 9/24 and noteworthy against some large volume in that node. I like fading RTY strength this week targeting a move down to 2373-2381 as long as 2471-2486 continues to reject. Can play this with IWM put spreads, outright RTY shorts, or IWM call credit spreads.
NVDA:
I like leaning against NVDA 184-182.70 with shorts (previous sell signal), preferred way to play NVDA is with 1-2 week call credit spreads, but this looks like a high probability fade setup here with defined “im fucked above 184” risk.
Anyway, this is a pretty high level example of what a post would look like. If this type of format has any interest, I’ll go into much more detail in the future with specific expirations/strikes on options trades, anywhere from 3-6 high quality trade setups each week, and we can track performance.
Cheers!
-gtd