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7/11/2018 12:38:04 AM
http://www.optionmath.com/spreadscombinations.html
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7/23/2018 12:59:52 AM
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klynn55 747 posts msg #144172 - Ignore klynn55 |
7/23/2018 1:07:47 PM
four: I need a kick in the right direction, can I do options off a five minute chart?
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7/24/2018 11:54:51 PM
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7/25/2018 12:13:13 AM
klynn55
448 posts
msg #144172
- Remove message 7/23/2018 1:07:47 PM
four: I need a kick in the right direction, can I do options off a five minute chart?
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klyn55,
Didn't ignore you. Just spotted your question now.
1. Honest answer is I don't day trade unless the profit offers itself. Then I scalp a profit.
2. I don't use any charts that are below daily. With options I look more toward volatility, probability, standard deviation and over $1 premium to sell.
3. I did find this and it looks like it may talk to your 5 minute chart idea.
https://www.shecantrade.com/Blog-2/5-Ways-To-Time-Your-Options-Trade-Entries
5 Minute Chart
The 5 min chart is a great way to find highs and lows and time your entries. Even though I am in trades for a few days to a few weeks, I like to use the 5 min chart to find good zones to enter and exit my trades. By using a short term chart for entries I am able to fine tune my trades and get better fills for my trades.
For example with trade entries, I like to see if we are at a high or low for the day and what the trend is. If I want to buy a call and we are at the high of the day, then I will use the 5 min chart to look for a pull back to support before I will buy the call. If the market is selling off then I will look for a bottom to be formed on the 5 min chart before I will buy the call. If the market is making big moves or stuck in consolidation, then the 5 min chart if also a great way to visualize when the trend stops or the consolidation breaks. Don’t neglect entries and exits as a trader, pick an entry then try our a short term chart to fine tune your options trade.
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