SPY & QQQ ETF Option Trading
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Started by mikempt - Feb. 25, 2023, 2:02 p.m.

Here is a review of my option trading system using SPY & QQQ.

1- Wait for a breakout on the 15 minute chart,when the price bars breakout above or below the 23 & 30 EMA in sync with the RSI breaking above or below the 50 line.

2-  I look at the option tables 7-10 days out.

3- I buy options with deltas 75-77.-

4- Offset my options when my greed is satisfied $$$$$$$

Comments
By tjc - Feb. 26, 2023, 10:34 a.m.
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  Have you explored any "bottom/top picking" methods?  Severely oversold/bought situations?  (Low/high rsi situations?)