For a while now, I have been tracking option flows and the second-order Greeks levels to give me clues into the market sentiments and key price levels to look out for. As we edge closer to the next two expiration dates for SPY options, thought to share some thoughts on what those levels could divinate for us in the days forward. What is GEX and VEX? If you're anything like me, you've probably wondered if there's a way to peek into the future to see what's coming. Well, there might not be a crystal ball, but gamma exposure (GEX) and vanna exposure (VEX) offer us the next best thing—a glimpse into potential key levels where the market might pivot or stall. There are two fascinating metrics—GEX and VEX—and they can help us pinpoint significant price levels for SPY in the upcoming expira
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I closed $PINS 20240426 34.0 CALL$ ,⚙️ covered call play on PINS wheeling worked out well this week. Securing full credit upon expiry! On to the next week.
I closed $MU 20240426 114.0 PUT$ ,🏦 collecting full credit profits upon expiry over 22 days. This play remains attractive, will look for entry again!
I closed $HOOD 20240426 16.5 PUT$ ,🏦 collecting full credit profits upon expiry over 17 days. This play remains attractive, will look for entry again!
Unlocking Market Moves: How GEX and VEX Reveal Key SPY Levels Ahead of Option Expirations
Unlocking Market Moves: How GEX and VEX Reveal Key SPY Levels Ahead of Option Expirations
I closed $NVDA 20241213 135.0 PUT$ ,💸 securing a 43% credit gains after 3 days. Relied on the near/term momentum to position for this move. Exiting to take profits off the table while we scout for more moves next week!
I closed $COIN 20241129 307.5 CALL$ ,COIN surged beyond my strike. Decided to close the position at breakeven. Looking for other opportunities today
I opened $SPY VERTICAL 240614 PUT 538.0/PUT 539.0$ ,📊 Fair bit of market makers’ positioning of positive GEX and negative VEX at 540, indicating a moderate zone of support at that level for the coming expiration at 14/6. Slight bias to the upside at least for this expiration term. Here’s a short bull put spread to play on this hypothesis. 🤞
I opened $NVDA VERTICAL 240531 CALL 1090.0/CALL 1095.0$ ,📈 NVDA seems to be reaching a point of oversold exhaustion. A lot of exuberance from the recent announcement. Dealers positioning from the options flow also signal increasing resistance at 1070-1080. Gets betting on a bearish move in next 2 weeks 🤞
I opened $COIN 20241129 307.5 CALL$ ,Opening a covered call to wheel this underlying. Picked a lower strike to claim more premium
I opened $NVDA 20240823 123.0 CALL$ ,🛞 wheeling my NVDA with a covered call. Strike selection at cost basis with nearest expiration term possible with a premium that made sense
I closed $PDD Holdings Inc(PDD)$ ,PDD experiencing unusually positive bullish sentiments. Took this chance to exit. On January 14 and 17, PDD experienced unusually high call option trading volumes (1.4x and 8x the expected levels, respectively), indicating strong bullish sentiment among investors. Will look for more opportunities to enter coming weeks ![[Cool]](https://c1.itigergrowtha.com/community/assets/media/emoji_005_deyi.481846cc.png)
I closed $COIN DIAGONAL 241213/241220 PUT 295.0/PUT 297.5$ ,COIN has continually shown strong financial performance, with a 78.8% revenue increase year-over-year and a significant rise in earnings per share. Persisting in my strategy to reap the juicy premium week by week with CSP
I opened $BP 20240517 37.5 PUT$ ,🛢️ BP is an attractive play now, as it trades at a P/E ratio of 7.60, well below its industry average of 9.51. Over the past year, BP’s Forward P/E ranged from 5.27 to 7.82, typically staying around 6.64. Additionally, BP’s P/B ratio stands at 1.30, favorable compared to its industry’s average of 1.52, signaling good value relative to its book assets. Its P/S ratio of 0.52, which compares sales to stock price, also stands out positively against the industry average of 0.65, reflecting a solid performance indicator that’s harder to manipulate. Add to this, the P/CF ratio of 3.65 emphasizes BP’s strong cash flow perspective, notably better than the industry average of 5.46. BP’s P/CF has ranged f
I closed $COIN 20250221 257.5 PUT$ ,Locking in a 84% credit gain after 3 days. The price surged in the early part of the day, so took the chance to exit
I opened $SQ 20240119 72.0 PUT$ ,💵 closely watching Block at the moment. Their Cash App is on fire with a growing customer base, and the Square ecosystem is driving a solid Gross Payment Volume (GPV) increase. I'm seeing potential for big growth in their key areas – transactions, subscriptions, services, and even bitcoin. They look set to close 2023 with a strong 16% jump in GPV! What sets Block apart for me is their all-in-one commerce platform, blending software, hardware, and payments seamlessly. Their approach is super tech-focused, which I think is key in today's market. It's not just about payments – it's about managing a business end-to-end. I see them continuing to excel in the online payment space. Opening 2024 with t
I opened $SNAP 20250124 13.5 CALL$ ,Wheeling with a covered call 2 weeks out for that extra premium. Ready to let go if needed. Let the volatility continue
I closed $ARM Holdings(ARM)$ ,Unloading my ARM holdings as my covered call got exercised this round. Good riddance
I opened $NEM 20240607 40.0 PUT$ ,⛏️ Newmont Corporation (NEM) is currently mining for gold in the financial markets, having outperformed expectations with an earnings beat of 57.14% last quarter. Looking ahead, the company is forecasted to rake in earnings of $2.40 per share on a solid revenue of $16.08 billion this fiscal year. Over the past month, Newmont's stock has climbed a sturdy 10%, trading at a forward P/E of 17.72X and a price-to-cash-flow ratio of 14.12X. Despite the Mining - Miscellaneous industry facing challenges, ranking in the bottom third of sectors, Newmont stands out with promising fundamentals and industry tailwinds that suggest potential upside. Opening a cash-secured put position to bet on Newmont's con
I closed $SMCI 20250221 25.0 PUT$ ,Locked in 57% credit gains after 1 day of reversal play. I'll take the win!
I closed $SQ CALENDAR 241101/241025 CALL 74.0/CALL 74.0$ ,Rolling it out for one more week to give the price some time to breathe and of course, who will complain about extra pocket money in the mean time 😁
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