Tested a new one

I traded the DOW (ticker). I bought a 69 May Put for 202. I used my Bid Ask feature on Qharts. This particular study shows me how many PUTS and how many CALLS are being processed. I also have on this Bid/Ask feature 4 charts with just the Bollinger bands, 20, 5 and 10 moving averages. Those charts are a 5,8,13 and 21. This particular workspace allows me to see Ask and above Ask, Bid and below Bid. Sometimes I use this study to see if I should sell or remain in. Sometimes I leave my trade because I have other things to do, or I am happy with my return. Today I was happy with my return and I have a mess of stuff to do. This is not an expensive stock, the volume is not bad gets into the "m's" so I figured okay I have been watching it and I thought I'd give it a whirl. Bought 10 contracts was out in 10 minutes and sold for 220. Small little bites fits me just fine. BTW I love my Qcharts!



Edited 1 time(s). Last edit at 05/11/2022 10:37AM by Darcy3.

Interesting. I do a bit of the same by keeping an eye on the put/call ratio in TOS (Think or Swim).

Keep us updated how it goes

great info- thank you for sharing.

I got a new laptop and have been playing around with it rather than trading much. This market is making me sea sick.



Edited 1 time(s). Last edit at 05/31/2022 09:21AM by Darcy3.