2024-04-24 Wednesday

Ticker	Open	Qty	Time	Close	Qty	Time
SPY US$508 24 Apr 24 Call	US$1.37	1	10:15:39
				US$1.23	1	10:35:51
SPY US$502 01 May 24 Put	US$3.59	1	10:39:52
				US$3.99	1	11:39:29

SPY US$508 24 Apr 24 Call

1. K1 open high.

2. K2 strong bullish bar.

3. K3 OK follow through. (waiting for 1 tick above to open a call)

4. K4 failed to create a higher high, instead, it creates a lower low. (not looking so good, but for now, I treat it as pullback)

5. K3 -- K5 the market halt.

6. K6 strong a bearish bar, but it creates a mini double bottom.

7. K7 follow through is OK.

8. K8 strong bullish bar, creates a higher high of K6 (50% K6 reverse)

9. K9 bear engulfing, outside bar. No good for bulls.

10. K10 doji follow through.

    1. K6 -- K10, I see a "big up and big down, big confusion" should expect sidways, and wait for break out.

    2. But I treat it as trading range, "buy bottom, sell top" inside the trading range.

    3. That's why I buy call at K10.

11. Buy K10 at close.

    1. SL is LOD.

12. K11 looking good as Trading Range.

13. K12 seems like I should sell now.

    1. But I want to wait for next bar as confirm. because Trading Range is not precise.

14. K13 LOD, should Stop Loss now.

15. Sell K14 at open.

SPY US$502 01 May 24 Put

1. Buy K14 at close

   1. I don't know WHY the hell I'm not selling a next day Put option. Probably I was thinking about hold this Put position until ES below 5000, and towards 4800???

   2. K14 close below half, nearly the low of the bar.

   3. It is a very confirmative bear breakout bar.

   4. So sell anytime is correct, I sell almost at close.

   5. Expecting a "always in short"

2. K15 -- K23 is a tight bear channel.

   1. Moving Average gap grows.

   2. I can not find any higher high attempt.

   3. almost no bull bars, just some doji bull bars.

   4. instead, I see consecutive bear bars.

   5. The 1:1 measure move get ignored.

   6. So I hold my position, because I'm going to sleep soon, so as long as I see a confirmative higher high rally, I'll close my position.

3. Sell K26 at low

   1. I see K24 and K25 are strong reversal bull bars.

   2. But more likely, the 1st attempt reversal would fail, but I need to go sleep.