Well you have to trade these calendar spread appropriately. I have the 565 09/24 (50) calls and sold the 566 calls yesterday. I closed those for $5000 profit and then sold today's 564 call, which I closed for $1900. Once we started higher again, I sold the 09/18 calls for another $8000 credit, which is down about $2000, but it is a wash, being the 565 calls I own were in the red and have moved up with the 565 calls I sold. So far, the trade is +$1800, as I could sell my 565 calls for still a decent price and already collected almost 1/2 of what I paid for them. Make sense?
@@slait73 I buy and sell the calls I am selling against my 09/24 line. If we see a massive move higher, I am making money on that call I own. When lower, I buy back the options I sold with 0dte and look to sell one close to price. I bought back the options I sold 3 times today--and made over $10,000 on the ones I sold--bring my cost average for the call I own down to $7000 which I paid $24,000. I can close everything and take a $4000 profit, being my calls I own are still worth $13,000. G
@@slait73 I will determine which strike to use based off of the market direction I see. If lower, then I sell in the money calls for larger premium. Once I am 75% of max gain, I close it and write another line. G
Please would you explain more in deep, please? I understand you sell 0/8Dte Call calendar, you repurchase sold option as you get 50-80 value and reperat sell ATM Then sell buy option as lose 50% or couple of more days Am I correct? Please could you explain more?
Find it nice, but would like to know if he sold option gets in red, buy option gains in value but what do you do? you wait till the end of session to expire?
Gary, just curious, what happened to Woody? Haven't heard you speak really to his opinions or sentiment timing. Regardless, your videos and updates are great!
The cycles have been skewed and there are no hard turn dates approaching, because of the election cycle. I am expecting some weakness for the next couple of weeks. G
If we take a condor, the stop is set for each leg of the condor. The important piece of the equation, is know when to get into the position and what type of trade, a debit or credit spread. G
There is a formula. It may not be exactly even, based on the fill, but drawdown is very limited. We have risk/reward marked on each trade in our training class. G
Nothing more than voodoo science. Technical analysis does not predict future price moves. It can describe what has happened in the past. That's why this dumb money trader is underwater 200 points on his short trade that I assume he will try to sweep under the rug and not mention to try to continue selling his garbage newsletter.
Hello from Germany. In your video description, it says 299 USD for a life-time membership! If I click on the link, it says 2999 USD!? I could be interested for 299 USD. Let me know. Cheers (Mathias)
Gary, I purchased your Gold report, but something isn't working right. I have been unable to download it. It's still acting as if it wasn't paid for when it was. Look for an e-mail from Ron. Thanks for your help with this.
These are coordinated short squeezes. Many were not believers that the low was in. Sentiment was depressed and every rally, the peeps shorted. The bears are all but washed out. Sentiment is now at extreme bullish levels and there is no safety net below. It will not take much to scare people into believing the end is near again. Algo's algo's algos. But algos need the other side of the trade to work off of. (Bears) When they are gone, like now, the algos will turn and eat the bulls. It happens all the time, even when we are in a bull market, like 2009-2021. Hope that helps. G
Arrogant, ignorant bulls have zero clue of what's going on.
Thx!
It seems the bears have suffered an extinction event lol
Yeah, I thought this would happen. Getting a little long in the tooth, but not something you want to try and guess a top.
I really enjoy watching your videos you make things easy to understand.
Thank you Codicox
Open end day tomorrow, IMO.
What abuot Calendars? Would you make a video explaining them better how to play them?
On 2007 Mr Market topped on October...
ENJOYED YOUR VIDEO!!!
What happened to Woody sir?
He is around, but going through a procedure, so only Tuesdays he posts.
Woody is around. He only does his piece of the newsletter on Tuesday's being his information doesn't change that much.
May be today hasn"t been a good day to de the 0dte calendars? Could you share how you did them today please?
Well you have to trade these calendar spread appropriately. I have the 565 09/24 (50) calls and sold the 566 calls yesterday. I closed those for $5000 profit and then sold today's 564 call, which I closed for $1900. Once we started higher again, I sold the 09/18 calls for another $8000 credit, which is down about $2000, but it is a wash, being the 565 calls I own were in the red and have moved up with the 565 calls I sold. So far, the trade is +$1800, as I could sell my 565 calls for still a decent price and already collected almost 1/2 of what I paid for them. Make sense?
@@Sentimenttiming yes!! Makes sense, but wonder the reason you sell ATM or deep ITM as you did yesterday?
@@slait73 I buy and sell the calls I am selling against my 09/24 line. If we see a massive move higher, I am making money on that call I own. When lower, I buy back the options I sold with 0dte and look to sell one close to price. I bought back the options I sold 3 times today--and made over $10,000 on the ones I sold--bring my cost average for the call I own down to $7000 which I paid $24,000. I can close everything and take a $4000 profit, being my calls I own are still worth $13,000. G
@@slait73 I will determine which strike to use based off of the market direction I see. If lower, then I sell in the money calls for larger premium. Once I am 75% of max gain, I close it and write another line. G
Hi! What about the calendars you were doing? Please answer something😅
I continue to do them in the trading account. It is basically risk free if managed correctly. I use spy, but one can use regular stocks.
Please would you explain more in deep, please? I understand you sell 0/8Dte Call calendar, you repurchase sold option as you get 50-80 value and reperat sell ATM Then sell buy option as lose 50% or couple of more days Am I correct? Please could you explain more?
another... wich is the reason you play SPY instead of SPX as you trade 10 contracts?
Find it nice, but would like to know if he sold option gets in red, buy option gains in value but what do you do? you wait till the end of session to expire?
Haven't you seen lately the ECRI WLI? Something is wrong with this bull market right now...
Hi Adrian--not sure what ECRI WLI is off hand. I agree with the bull market being off right now
Gary, just curious, what happened to Woody? Haven't heard you speak really to his opinions or sentiment timing. Regardless, your videos and updates are great!
There really hasn't been any major turns from his timing model. My secondary timing model is looking for a top next week. G
Gary couldnt you give the calls in SPY since some brokers dont have SPX? Thx
I really just use the spx for trading/charting. But you can use the spx as your trade eyes for spy. G
GREAT VIDEO!!!
Gary, just wondering how Woody is? I may have missed something, but have not heard much about his timing and cycles lately...thanks
The cycles have been skewed and there are no hard turn dates approaching, because of the election cycle. I am expecting some weakness for the next couple of weeks. G
Im ready
Love that you keep these short and sweet 💥
THANK YOU FOR AN GREAT VIDEO!!! ENJOY YOUR ANALYSIS!!!
VERY GOOD VIDEO!!!
What is cost of credit spread program please? Not the trial but cost of membership? Thx
send me an email. gary@sentimenttiming.com I will go over everything with you as well as the cost. G
good TA!
It's an iron condor where you enter a stop order to buy back each credit spread for no more than the total credit collected?
If we take a condor, the stop is set for each leg of the condor. The important piece of the equation, is know when to get into the position and what type of trade, a debit or credit spread. G
Bear Sterns and Trump election are two that I remember as the craziest days
Very helpful
These credit spreads are on SPY or SPX, and are they just for the day with a set % of stop loss? Thanks
We only use spx. Stops are a formula we use that if stopped, typically end up with a minimal loss--if any. Yes, expire that day--much less stress
Yes, they are just for the day--stop loss is set after the trade is in place. No set %.
Promo SM 🎶
ah yes, I love updating people when they were wrong.
Underrated. Thanks for explaining your thoughts, thought process, and how it ties in to real world events instead of just technicals. Subscribed!
I don’t know how come stop lost work without losing money
There is a formula. It may not be exactly even, based on the fill, but drawdown is very limited. We have risk/reward marked on each trade in our training class. G
Imo, we fill the lower gap on vix before selling off
Positioning is saturated max long on DJI and NQ. Nobody is short rn
If we do retrace 50%. BTFD
bear case analysis have been wrong many times until it is right
That is true. From wat I am seeing, that case will be right sooner than many expect. G
lol many expect it, so I think you are wrong. Just like the other 21093 RUclipsrs who have been screaming bearish for weeks.@@Sentimenttiming
The Bond auction was not bad actually and TLT ended in a higher not , FYI
Good one, bro. Cheers from snowy Germany (Mathias)
Nothing more than voodoo science. Technical analysis does not predict future price moves. It can describe what has happened in the past. That's why this dumb money trader is underwater 200 points on his short trade that I assume he will try to sweep under the rug and not mention to try to continue selling his garbage newsletter.
Hello from Germany. In your video description, it says 299 USD for a life-time membership! If I click on the link, it says 2999 USD!? I could be interested for 299 USD. Let me know. Cheers (Mathias)
Sorry about that--it was a typo. The cost for the lifetime membership is $2999
Has the bear trend been broken ?
"promosm" 🎉
Are we too early on a Aug Sept correction?😅
We are in August and so far the top is in place. Wouldn't say too early, but you have to pick and choose entries. Expect a bounce here.
Gary, I purchased your Gold report, but something isn't working right. I have been unable to download it. It's still acting as if it wasn't paid for when it was. Look for an e-mail from Ron. Thanks for your help with this.
HI Ron--I believe you have it now. Sorry for the confusion. G
@@Sentimenttiming yes! Thx!
Thanks for the analysis. I notice you added a new resistance line. Is that the ATH?
That is just the new range we are in. 4454 is the important line to watch for the bears
Promo-SM 😝
If no one is buying, why does the market keep going up?
These are coordinated short squeezes. Many were not believers that the low was in. Sentiment was depressed and every rally, the peeps shorted. The bears are all but washed out. Sentiment is now at extreme bullish levels and there is no safety net below. It will not take much to scare people into believing the end is near again. Algo's algo's algos. But algos need the other side of the trade to work off of. (Bears) When they are gone, like now, the algos will turn and eat the bulls. It happens all the time, even when we are in a bull market, like 2009-2021. Hope that helps. G
THANK YOU FOR THE UPLOAD
Too bad the sound isn't working
That's strange, it is working on my end. Maybe try refreshing the video or clearing cache/history. The sound is there. G
well