snappyfrog
731 posts
msg #145896
- Ignore snappyfrog |
1/7/2019 7:50:03 AM
This is a simple setup I use to find calls and puts that I can hold longer term. At this point, I would be buying monthly contracts for Feb. If the trend holds, I will roll out to the next month by the beginning of the second week of Feb to reduce theta burn. I am looking for an entry at or near the cross (call or put).
I am not looking to hit dead bottom or top, but to be more careful of the trend first and then holding as long as possible. My exits are usually based on the EMA(13) and then waiting for the next Stoch cross.
Obviously, you would need to add your own style, so I am only posting the basic of the Full Stoch.
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Cheese
1,374 posts
msg #145902
- Ignore Cheese |
1/7/2019 11:13:25 AM
Good one, snappyfrog.
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Schubert05
7 posts
msg #146011
- Ignore Schubert05 |
1/12/2019 1:48:59 PM
Why do you only use the filter on the stated signs? is it because you are comfortable trading them or you have a criteria for choosing the signs? Can I use this filter for other tickers?
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snappyfrog
731 posts
msg #146023
- Ignore snappyfrog |
1/13/2019 6:42:11 AM
Schubert05 you can use it on any optionable stock or ETF (as long as it has volume and OI). This is just my favorite list of optionable stocks to trade. I am most familiar with this list and trade them over and over.
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scottoddscom
26 posts
msg #146054
- Ignore scottoddscom |
1/14/2019 2:19:27 PM
Which one? Calls or puts? They go in different directions and I assume the filter only works one way.
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snappyfrog
731 posts
msg #146059
- Ignore snappyfrog |
1/14/2019 9:10:45 PM
I purposely didn't put a line in for the cross up or down. I use a limited number of optionable stocks, so I can glance through them quickly. You can easily add a line to make it a call or put filter and any other specifics that will make it fit your style of trading.
But, as I said, I try to buy at or very near the cross (up or down) and use the EMA(13) as an exit point.
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snappyfrog
731 posts
msg #146066
- Ignore snappyfrog |
1/15/2019 12:10:52 PM
If you want to make this a call filter then try this one.
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snappyfrog
731 posts
msg #146067
- Ignore snappyfrog |
1/15/2019 12:12:29 PM
If you want to make this a put filter then try this.
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Schubert05
7 posts
msg #146073
- Ignore Schubert05 |
1/15/2019 2:34:24 PM
thanks for the reply
how often do you run the scan? and what time would it be good to run it?
thanks
I have been a member of SF for a few months but cant find a good strategy that works for me
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snappyfrog
731 posts
msg #146083
- Ignore snappyfrog |
1/15/2019 7:11:45 PM
I run this every evening and then look at pre-market starting at 9 am ET to see if they are moving in the right direction. I usually buy options in the first 30 min of the day.
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