Market-Summary on deskriders

Market Breadth Analysis: NYSE and Nasdaq Indicators

Sat, 16 Nov 2024 08:40:23 +0000

User: https://stockcharts.com/c-sc/sc?s=%24NYMO&p=D&yr=1&mn=6&dy=0&i=t0197117899c&r=1724067215619

Assistant: This image shows a chart of the NYSE McClellan Oscillator (Ratio Adjusted) over approximately the past year and a half. The chart is divided into two parts:

The top section displays the price movement of the indicator, which oscillates between positive and negative values, typically ranging from about -100 to +300.

The bottom section shows the daily values of the oscillator itself, represented by a red line graph.

Market Analysis and Straddle Adjustment Strategies (2024-10-18)

Sat, 19 Oct 2024 09:13:24 +0100

This is how the market looked yesterday:

And this is how it looks today:

Positions

/ESZ24 Oct 24th 7/8DTE Short Straddle

Closed for +$1,037.50 (+13%) return since Oct 16, 2024 at 4:07 PM

/ESZ24 Nov 18th 1M Short Straddle

So far, +$631.25 (+6.3%) return since Oct 17, 2024 at 5:44 PM

Experiments

Some trades that I’m following to learn and try out other strategies.

/ESZ24 Oct 22nd 3/4DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-10-17)

Thu, 17 Oct 2024 20:58:53 +0100

This is how the market looked yesterday:

And this is how it looks today:

Positions

/ESZ24 Oct 23rd 7/8DTE Short Straddle

Closed for +$612.50 (+15%) return since Oct 15, 2024 at 4:18 PM

/ESZ24 Oct 24th 7/8DTE Short Straddle

So far, +$893.75 (+11%) return since Oct 16, 2024 at 4:07 PM

/ESZ24 Nov 18th 1M Short Straddle

So far, +$293.75 (+2.9%) return since Oct 17, 2024 at 5:44 PM

Market Analysis and Straddle Adjustment Strategies (2024-10-16)

Wed, 16 Oct 2024 20:44:47 +0100

This is how the market looked yesterday:

And this is how it looks today:

Positions

/ESZ24 Oct 23rd 7/8DTE Short Straddle

So far, +$500 (+12%) return since Oct 15, 2024 at 4:18 PM

/ESZ24 Oct 24th 7/8DTE Short Straddle

Double Straddle

So far, -$18.75 (-0.2%) return since Oct 16, 2024 at 4:07 PM

Experiments

Some trades that I’m following to learn and try out other strategies.

/ESZ24 Oct 16th 3DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-10-15)

Tue, 15 Oct 2024 21:46:25 +0100

This is how the market looked yesterday:

And this is how it looks today:

Positions

/ESZ24 Oct 18th 7/8DTE Short Straddle

Closed for +$537.50 (+15%) return since Oct 11, 2024 at 7:57 PM

/ESZ24 Oct 18th 3DTE Short Straddle

Closed for +$325 (+10%) return since Oct 14, 2024 at 3:29 PM

/ESZ24 Oct 23rd 7/8DTE Short Straddle

So far, +$62.50 (+1.5%) return since Oct 15, 2024 at 4:18 PM

Market Analysis and Straddle Adjustment Strategies (2024-10-14)

Mon, 14 Oct 2024 20:03:40 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 18th 7/8DTE Short Straddle

So far, -$475 (-13%) return since Oct 11, 2024 at 7:57 PM

New Position

/ESZ24 Oct 18th 3DTE Short Straddle

So far, +$43.75 (+1.4%) return since Oct 14, 2024 at 3:29 PM

Experiments

Some trades that I’m following to learn and try out other strategies.

/ESZ24 Oct 16th 3DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-10-10)

Sun, 13 Oct 2024 18:05:08 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 15th 7/8DTE Short Straddle

Closed for +$762.50 (+15%) return since Oct 7, 2024 at 3:23 PM

/ESZ24 Oct 17th 7DTE Short Straddle

Closed for +$625 (+15%) return since Oct 10, 2024 at 3:17 PM

New Position

/ESZ24 Oct 18th 7/8DTE Short Straddle

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-10-08)

Tue, 08 Oct 2024 20:26:08 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 15th 7/8DTE Short Straddle

So far, +$331.25 (+6.7%) return since Oct 7, 2024 at 3:23 PM

/ESZ24 Oct 10th 3DTE Short Straddle

Closed for +$525 (+14%) return since Oct 7, 2024 at 3:25 PM

New Position

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-10-07)

Mon, 07 Oct 2024 20:14:48 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 11th 7/8DTE Short Straddle

Closed for +$662.50 (+13%) return since Oct 4, 2024 at 3:38 PM

New Position

/ESZ24 Oct 15th 7/8DTE Short Straddle

So far, -$443.75 (-8.9%) return since Oct 7, 2024 at 3:23 PM

/ESZ24 Oct 10th 3DTE Short Straddle

So far, -$568.75 (-16%) return since Oct 7, 2024 at 3:25 PM

Market Analysis and Straddle Adjustment Strategies (2024-10-04)

Fri, 04 Oct 2024 20:22:23 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 11th 7/8DTE Short Straddle

Closed for +$587.50 (+10%) return since Oct 3, 2024 at 3:46 PM

New Position

/ESZ24 Oct 11th 7/8DTE Short Straddle

So far, +$275 (+5.3%) return since Oct 4, 2024 at 3:38 PM

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-10-03)

Thu, 03 Oct 2024 22:06:48 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 9th 7/8DTE Short Straddle

Closed for +$800 (+14%) return since Oct 1, 2024 at 4:04 PM

New Position

/ESZ24 Oct 11th 7/8DTE Short Straddle

So far, +$87.50 (+1.5%) return since Oct 3, 2024 at 3:46 PM

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-10-02)

Wed, 02 Oct 2024 20:49:50 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 4th 7/8 DTE Short Straddle

Closed for +$587.50 (+8.5%) return since Sep 26, 2024 at 3:07 PM

/ESZ24 Oct 9th 7/8DTE Short Straddle

So far, +$587.50 (+11%) return since Oct 1, 2024 at 4:04 PM

New Position

/ESZ24 Oct 7th 3DTE Short Straddle (Exp)

Closed for +$137.50 (+3.2%) return since Oct 2, 2024 at 3:53 PM

Market Analysis and Straddle Adjustment Strategies (2024-10-01)

Tue, 01 Oct 2024 19:42:34 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 4th 7/8 DTE Short Straddle

So far, +$243.75 (+5.5%) return since Sep 26, 2024 at 3:07 PM

New Position

/ESZ24 Oct 9th 7/8DTE Short Straddle

So far, -$37.50 (-0.7%) return since Oct 1, 2024 at 4:04 PM

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-09-30)

Mon, 30 Sep 2024 19:32:31 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 4th 7/8 DTE Short Straddle

So far, +$200 (+4.5%) return since Sep 26, 2024 at 3:07 PM

/ESZ24 Oct 1st 3DTE Short Straddle

Closed for +$262.50 (+12%) return since Sep 27, 2024 at 4:12 PM

New Position

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-09-27)

Fri, 27 Sep 2024 20:38:03 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 4th 7/8 DTE Short Straddle

So far, +$200 (+4.5%) return since Sep 26, 2024 at 3:07 PM

New Position

/ESZ24 Oct 1st 3DTE Short Straddle

So far, -$68.75 (-3%) return since Sep 27, 2024 at 4:12 PM

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-09-26)

Thu, 26 Sep 2024 21:26:06 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 2nd 7/8 DTE Short Straddle

Closed for +$387.50 (+10%) return since Sep 24, 2024 at 3:03 PM

New Position

/ESZ24 Oct 4th 7/8 DTE Short Straddle

Experiments

Some trades that I’m following to learn and try out other strategies.

0 DTE

2/3 DTE

/ESZ24 Sep 30th 3DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-09-25)

Wed, 25 Sep 2024 18:22:39 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESZ24 Oct 2nd 7/8 DTE Short Straddle

So far, +$362.50 (+9.5%) return since Sep 24, 2024 at 3:03 PM But looking to close it before day end.

/ESZ24 Sep 25th 0DTE Short Straddle

Opened and closed a 0DTE trade

Closed for +$112.50 (+13%) return since Sep 25, 2024 at 3:17 PM

Market Analysis and Straddle Adjustment Strategies (2024-09-24)

Tue, 24 Sep 2024 19:03:52 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

New Position

/ESZ24 Oct 2nd 7/8 DTE Short Straddle

Experiments

Some trades that I’m following to learn and try out other strategies.

0 DTE

2/3 DTE

/ESZ24 Sep 26th 3DTE Short Straddle (Exp)

Closed for +$587.50 return since Sep 23, 2024 at 3:20 PM

/ESZ24 Sep 27th 3DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-09-23)

Mon, 23 Sep 2024 19:40:21 +0100

Missed Friday update. This is how the market looked yesterday:

Existing Positions

New Position

No news positions today.

Experiments

Some trades that I’m following to learn and try out other strategies.

0 DTE

2/3 DTE

/ESZ24 Sep 23rd 3DTE Short Straddle (Exp)

Closed for +$628.25 return since Sep 18, 2024 at 8:36 PM

/ESZ24 Sep 26th 3DTE Short Straddle (Exp)

7/8 DTE

/ESZ24 Sep 24th 7DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-09-19)

Thu, 19 Sep 2024 19:33:04 +0100

This is how the market looked yesterday:

And this is how it looks today:

Around 2% up move so upside is risky for all trades.

Existing Positions

New Position

No news positions today.

Experiments

Some trades that I’m following to learn and try out other strategies.

0 DTE

2/3 DTE

/ESZ24 Sep 23rd 3DTE Short Straddle

7/8 DTE

/ESZ24 Sep 24th 7DTE Short Straddle (Exp)

/ESZ24 Sep 25th 7DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-09-18)

Wed, 18 Sep 2024 20:27:29 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

New Position

No news positions today.

Experiments

Some trades that I’m following to learn and try out other strategies.

0 DTE

/ESU24 Sep 18th 0DTE Short Straddle

Closed just before the Interest rate announcement for +$124.75 return since Sep 18, 2024 at 4:06 PM

2/3 DTE

/ESU24 Sep 19th 2/3DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-09-17)

Tue, 17 Sep 2024 19:40:28 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESU24 Sep 20th 7DTE Short Straddle

Closed for +$825 return since Sep 12, 2024 at 6:41 PM

New Position

No news positions today due to Sept volatility and FOMC Interest rate decision.

Experiments

Some trades that I’m following to learn and try out other strategies.

0 DTE

/ESU24 Sep 17th 0DTE Short Straddle (Exp)

Market Analysis and Straddle Adjustment Strategies (2024-09-16)

Mon, 16 Sep 2024 20:37:18 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESU24 Sep 16th 7DTE Short Straddle

Closed it for a scratch which was pretty good as the market moved around 5% in a week.

Closed for -$12.50 (-0.2%) return since Sep 9, 2024 at 5:51 PM

/ESU24 Sep 20th 7DTE Short Straddle

Close one straddle to reduce margin requirement and bring strike back to the middle of straddle. Looking to close this tomorrow before the FOMC announcement.

Market Analysis and Straddle Adjustment Strategies (2024-09-13)

Fri, 13 Sep 2024 18:27:05 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESU24 Sep 16th 7DTE Short Straddle

BTC two almost worthless put. STO ATM Put

XSP Sep 17th 7DTE Short Straddle

Closed for -$420 return since Sep 10, 2024, 7:11 PM

/ESU24 Sep 20th 7DTE Short Straddle

Added another ATM to expand the area and profit target.

New Position

Experiments

Some trades that I’m following to learn and try out other strategies.

Market Analysis and Straddle Adjustment Strategies (2024-09-12)

Thu, 12 Sep 2024 19:17:46 +0100

This is how the market looked yesterday:

And this is how it looks today:

Things are starting to look green again.

It was a strange day and certainly not good for short straddles. The market went up without taking any stops

Existing Positions

/ESU24 Sep 16th 7DTE Short Straddle

Added two more puts to expand the tent.

XSP Sep 17th 7DTE Short Straddle

Had to make one adjustment but may need another one as the current price is already too close to breakeven.

Market Analysis and Straddle Adjustment Strategies (2024-09-11)

Wed, 11 Sep 2024 16:30:49 +0100

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

XSP Sep 13th 7DTE Short Straddle

Closed for +$246 return since Sep 6, 2024 at 6:31 PM

/ESU24 Sep 16th 7DTE Short Straddle

No adjustment required yet although the big swing is taking it closer to the down-side.

XSP Sep 17th 7DTE Short Straddle

No adjustment required as current price is almost around the middle.

Market Analysis and Straddle Adjustment Strategies (2024-09-10)

Tue, 10 Sep 2024 09:16:40 +0100

This is how the market looked yesterday:

And this is how it looks today (up 1.12%):

Existing Positions

XSP Sep 11th 7DTE Short Straddle

Closed it for +$134 return since Sep 4, 2024, 6:37 PM

XSP Sep 12th 7DTE Short Straddle

Closed it for +$140 return since Sep 5, 2024, 6:46 PM

XSP Sep 13th 7DTE Short Straddle

No adjustment required yet (3DTE now) but if the market keeps going up then will need to adjust it.

Market Analysis and Straddle Adjustment Strategies (2024-09-09)

Mon, 09 Sep 2024 09:46:59 +0100

This is how the market looked yesterday:

And this is how it looks today:

Market down around -1.68% on Friday

Existing Positions

XSP Sep 11th 552 Short Straddle

No change. Still going and safe but will plan to close it early tomorrow.

XSP Sep 12th 550 Short Straddle

No change. Still safe so will keep it open for another day

XSP Sep 13th 541 Short Straddle

Market Analysis and Straddle Adjustment Strategies (2024-09-06)

Fri, 06 Sep 2024 18:21:08 +0100

This is how the market looked yesterday:

And this is how it looks today:

Market down around -1.51%

Existing Positions

XSP Sep 9th 558 Short Straddle

Closed it for -$331 loss

XSP Sep 10th 556 Short Straddle

Closed it for +$183 profit

XSP Sep 11th 552 Short Straddle

Adjusted. Close existing untested side. Sold another ATM Call.

New Position

XSP Sep 12th 550 Short Straddle

Opened yesterday and had to adjust it today due to large down move.

Market Analysis and Straddle Adjustment Strategies (2024-09-05)

Thu, 05 Sep 2024 09:04:43 +0100

This is how the market looked yesterday:

And this is how it looks today:

There is a general downward trend across most indexes and sectors, particularly in the shorter-term (5-day) moving averages, suggesting a short-term market pullback or increased volatility.

Existing Positions

XSP Sep 6th 562 Short Straddle

It recovered a little, but I closed it for a loss as it is getting very close to expiry.

XSP Sep 9th 558 Short Straddle

Market Analysis and Straddle Adjustment Strategies (2024-09-04)

Wed, 04 Sep 2024 10:49:16 +0100

This is how the market looked yesterday (2024-09-03):

And this is how it looks today:

This is after a 2.12% drop.

This is how the straddles look before market open, so I think I need to adjust at least one which is expiring on the 6th.

XSP Sep 6th 562 Short Straddle

The price is almost touching the put strike. We have already done one adjustment here, so there are a couple of potential further adjustments: