Trading butterflies is all about identifying price targets and using options to trade the move to that zone. Traders often ask me how they can correctly identify a price target, and questions about what to do when the ticker hits that zone. In my latest Trade Review video, I answer these questions! In this example, … Read more
Choosing Your Expiration Date Butterflies are a strategy that can be used on various time frames, from intraday using 0-day till expiration options, overnight close to weekly expiration, 7-14 days out for a swing trade, or longer. Generally, I prefer to keep my expiration below 14-21 days, or else the trade takes too long to … Read more
Why Fed Day Butterflies? Trading 0 DTE (days till expiration) options is something I will do when the market is moving, and I have a solid gauge of market direction into the last hour or so of the day. Fed days are generally great days for this strategy, because the market has usually consolidated and … Read more
Hey traders! The Nasdaq continues to defy expectations for a pullback, and as it continues to do that, it is doing something amazing – setting up more squeezes! The squeeze is my favorite directional setup. It identifies when there is consolidation that is likely to break out. That consolidation generally breaks out in the direction … Read more
Hey traders, We’ve discussed this bullish buy setup in Microsoft for several weeks! Well, it still hasn’t hit my $420 price target, but my options were going to expire this week. That meant we were getting far too close to expiration for me, and I decided to manage my trade as it was stuck at … Read more
Hey traders, I’m having my fellow trader and good friend, Chris Brecher, write this week’s Five Star Trader newsletter since I am out of the office today! Chris is the Sr. Managing Director of Stocks here at Simpler Trading and specializes in trading options, futures, and stocks based on technical chart patterns and expert market … Read more
Hey traders! Another day, another video. In today’s Trade Review episode, I discuss taking profits on IBM in addition to managing what was a loser in MSFT. MSFT has bounced back today, but it’s still a useful explanation of support zones when you’re in a losing trade. Check out the video below! Also, next … Read more
Hey traders! I’ve been busy making videos after taking your requests! I’ve created a full series on how I manage spreads and butterflies, which you can find on my Youtube channel. The latest video in the series is an overview of a bullish fly I placed in the Simpler Central room, along with a new … Read more
Hey Traders! What are you trading this week? Check out my Top 5 charts in the video review below… In this market, it’s most important to focus on spots with high liquidity, major setups, and options action that tells you where to look for targets. What are you trading? Let me know below!
Hey traders! Nvidia earnings is out, and the stock continues exploding. On this ticker, I made two different small lotto bets. One was a bearish trade, in case the ticker had a bad reaction, and the other was a bullish bet. While I lost money on the bear side, the bull side made money. The … Read more