Trust The Levels - Trade Options In ThinkOrSwim

[METAL]

Wednesday Recap Trades.

AMD:

GOOG

NVDA:

TSLA:

SPX:

 

[METAL]

Today was another easy and great day. I have added another tool to help with this strategy. I have added what I call a "Long" LRC. I draw them in manually. The Linear Regression tool is set to:

I use it the following way: Typically on the 1HR TF.

NVDA:

Todays Trades:

TSLA:

AMD-PUTS

SPX - $180.00 loss

SPX Profit:

 

[rfb]

Today was another easy and great day. I have added another tool to help with this strategy. I have added what I call a "Long" LRC. I draw them in manually. The Linear Regression tool is set to: View attachment 22361
I use it the following way: Typically on the 1HR TF.
View attachment 22362
NVDA:
View attachment 22363
Todays Trades:
View attachment 22364
TSLA:
View attachment 22365
AMD-PUTS
View attachment 22366
SPX - $180.00 loss
View attachment 22367
SPX Profit:
View attachment 22368

Outstanding work! When you have a moment, no rush, can you post the option strikes of your trades and do you look for certain deltas, near the money, in the money or at the money? Thanks again for all you're doing and posting!

 

[METAL]

Outstanding work! When you have a moment, no rush, can you post the option strikes of your trades and do you look for certain deltas, near the money, in the money or at the money? Thanks again for all you're doing and posting!

The strike are listed on the attachment where I show the calls and puts. I almost always buy at the money. The only exception would be on Friday. I typically get next weeks ATM. The deltas are usually close to 50 ATM. Of course they vary but I do not concern myself with that too much.

 

[METAL]

Friday--The best day of the week!

TSLA- Here is how I used the L-LRC
(1HR TF)

(15M TF)

TSM:

Have a GREAT weekend everyone!

 

[Ommni007]

Today was another easy and great day. I have added another tool to help with this strategy. I have added what I call a "Long" LRC. I draw them in manually. The Linear Regression tool is set to: View attachment 22361
I use it the following way: Typically on the 1HR TF.
View attachment 22362
NVDA:
View attachment 22363
Todays Trades:
View attachment 22364
TSLA:
View attachment 22365
AMD-PUTS
View attachment 22366
SPX - $180.00 loss
View attachment 22367
SPX Profit:
View attachment 22368

I apologize but am not seeing the Long LRC settings (deviation curves) in the LRC-Multiday-Deviations study. Is this study TOS native or custom - could you provide a link/pointer please? Thank you!

 

[METAL]

I apologize but am not seeing the Long LRC settings (deviation curves) in the LRC-Multiday-Deviations study. Is this study TOS native or custom - could you provide a link/pointer please? Thank you!

View attachment 22385

The Long LRC has to be set manually with the Linear regression drawing tool.

 

[Adobe8]

Workspace: http://tos.mx/!lxyca99F

@METAL
Do you have a video of how to setup the option chain the way u have it on your workspace

 

[METAL]

The Long LRC has to be set manually with the Linear regression drawing tool.

Here is a quick L-LRC video. How I use it.

 

[METAL]

@Adobe8 Here you go.

How I set up Options Trading in my workspace with ThinkOrSwim (TOS)

 

[mailbagman2000]

@Adobe8 Here you go.

How I set up Options Trading in my workspace with ThinkOrSwim (TOS)

Can you please share your screen (workplace)?

 

[NISSAVINIS]

@METAL If possible can you please share the workspace with studies and the call put scanner.

 

[METAL]

Can you please share your screen (workplace)?

@METAL If possible can you please share the workspace with studies

I did. It is in 1st post.

 

[useThinkScript]

If possible can you please share the call put scanner.

Unfortunately no.
There is no custom scanner for options.
Read more:
https://usethinkscript.com/threads/options-scan-hacker-in-thinkorswim.5114/

 

[METAL]

Tuesday Recap. I did not get around to Monday. I did Profit 838.00 on Monday!

Had some small SPX scalps.
Spy- I did not follow my rules twice on this trade.

TSLA:

 

[METAL]

Wednesday's trade recap- Just a little over $1,300.00.

INTC:

TSLA-

SPX-

TSM-

 

[METAL]

Thursday's Trade Recap $1,796.00 Profit

AMD

QCOM

Best trade of the day-
SMCI-

SPX Trades:

TSLA

 

[METAL]

I was out of town on a short vacation. I was able to use the LRC strategy on Monday for a quick 300.00 profit. I was not able to trade on Tuesday but I did trade today while driving back home. I was able to eek out $1,100.00 Profit on TSLA and SPX and SPY. I hope everyone that is trying this strategy is having the same or better success as I am!

 

[METAL]

Yesterday (+1,400.00) and Todays ($1,100.00) trade. It just keeps providing and seems to be getting easier.

This is ES that was used to help with entries and exits while trading SPY and SPX.
The two areas shown were used to exit the upside trades and the L-LRC was used to get the huge reversal!
ES

SPY

NVDA

MSFT - Loss on the day!

 

[deansafeleen]

I listened to your video, which very nicely explains the strategy. Thank You Metal and nice work!