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In this video I breakdown what a call and put options in the simplest way for you to understand. You will learn how options can yield a much higher ROI than vs buying 100 shares of stock. I will dive deep into the Greeks ( Delta, Theta, Gamma, Vega) in the simplest way possible. And you will learn how to analyze the risk return profile of a Call option and more!!

Trades Journal

Happy October everyone! The market did a double bottom on ( 9/30/2021) so I was able to take the opportunity to put on  trades.  As you can see in the illustration SPX is under pressure but was able to close above the support level.  If this is the bottom all our trades will work out great in our favor. Conversely if SPX is still under pressure, we still have time for the trades to play out.  The important thing is not to over allocate and don’t take all your trades in one day or one week.  Spread out your trades especially with a small account.  Without further ado let’s talk about the trades we took.

ASML has been selling off for the last two weeks, a decrease of 17-18% from all-time high.  I entered this trade based on exaggeration, a big boy flushed down to a key swing low at the $733.06 level, the stock getting oversold, and the stochastic showed signs of reversal.  The trade is looking good as it closed above the key swing low with a bullish pin bar candle on Friday.

DE has dropped 15% from All time High.  I entered this trade based on support at the $335 level, and stochastic reversed back above the oversold level. The trade is looking good so far as it closed with a bullish ice cream bar candle on Friday.

ETSY, I entered this trade base on support and resistance at the $204.9 level.  This key area was a previous resistance turned support.  The trade is looking good as it closed at a support with a bullish pin bar, and stochastic reversed above the oversold level.

NKE.  I entered this trade base on support and resistance at the $145 level.  This key area was a previous resistance that could potentially turn support.  The trade is looking good as it closed at a support with a bullish pin bar, and stochastic reversed above the oversold level.

FB, Like ETSY I entered this trade base on support and resistance at the $338-340 level.  This key area was a previous resistance turned support.  The trade is looking good as it closed at a support with a bullish pin bar, and stochastic reversed above the oversold level.

FDX has been selling off for the past months.  I entered the trade based on exaggeration. A big boy flushed down after earning at a key swing low level $220 on the weekly chart. This is not the same entry technique as the previous trades because I must zoom out to a bigger time frame to see a key level. It seems like a double bottom, and this could be a support level on the weekly chart.

ADBE Dropped more than 100 pts since it set an all-time high. I entered this trade based on stock getting oversold and stochastic shows sign of reversal at a Fibonacci level 38.2% which could be a support, it could bounce up from here with a bullish pin bar closed on Friday.

QCOM got flushed down to a strong support level (I ZOOM TO 1Y1D CHART) which had been tested 3 times, I entered this trade base on support level at the $128-130 level.  This trade is looking good so far with the stochastic reversed above the oversold level.

W, I entered this trade base on support at the 250 level, and stochastic reversing back up, the trading range is a little narrow, but we only need the price to move above the short strike $255 for us to be profitable.  Let set how this one goes.