If anyone is interested, I am outlining a procedure for playing options. My purpose in writing this concerns the absurdity within the markets and the impressive number of loss-porn posts that I keep seeing… That shit is just sad man. It’s fucked up and awful. I am trying to teach people how to play them given the surrounding circumstances and ever-present volatility within the markets.
- Protocol:
- Identify where the stock is at according to the Wyckoff schematic within a short-term (1 hr) and long-term (1 day/1 week) time frame.
- Review the anticipated move by market makers for the next week using the equation:
((ITM Call + Immediately OTM Call) +(ITM Put + Immediately OTM Put)) /2
- Study order flow by analyzing long and short positions.
- Study GEX to determine if Market Makers are buying or selling calls/puts.
- Purchase contracts.
- Continue to reassess throughout the week and take profits accordingly.
Let me know if anyone has any questions. I am happy to help where I can.
submitted by /u/kwsparks to r/wallstreetbets
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