Michael Kee

Major Update to the data:📈 📉 As the write up says-> when -4% (or worse) days do occur they have a tendency to occur in ‘clusters’. Below are two charts that focus on clusters since 2000 for both the Nasdaq and the S&P. IF yesterday was not an isolated event, data suggest multiple like occurrences over a 10-20 day average time frame, occurring every 2-4 days.

After extensive study of the 𝕏 algorithm, here is the holy grail for success: 🔽🔽 Success: 1) Lie about stock trading returns and strategy performance. 2) Show your boobs 3) Consistently gaslight and P/O the correct audience. Failure: 1) Post quality content

The Ultimate Trading Secret 📉📈: How successful day traders use charts to achieve 90% on price predictions and breakouts! $SPY

Didn’t realize I couldn’t get the Oregon State game on TV. So I’m doing it for the Boise State vs Texas state game instead. And increasing the reps per play.

I'm curious what FinX and day traders' opinions are on this: What do you consider a good average daily return? Think about this carefully before you answer. I want it as a percentage, not as a dollar figure. 📉📈

Saw a FinX account run by an attractive woman. Most posts were in-depth trading and analysis, with a few posts of her posing at the gym: Her investment post: Average 1-2 comments, <10 likes, and <2.5k impressions Gym bod post: 50+ comments, 200+ likes, and 50k+impressions. 😂

Interesting Update on my XSP option study!! 📈📉👇 The 805 call has provided some interesting insight into the difference between the future assumptions for time decay (theta rate) when entering a trade versus what actually happens in the real world. -On entry day (56 DTE), XSP closed at 767.35, and the 805 premium was $3.22, and Implied Volatility for this contract was 12.34% -At 13 DTE, XSP closed at $775.72 ($10 higher than our entry level), yet the 805 call premium fell to $0.30; that represents a 91% value loss in premium. Implied volatility had fallen to 11% (1.34% lower than day 1) -At 12 DTE (the very next day), XSP closed at $766.34, almost exactly $1 lower than our day 1 price, and the 805 call premium closed at $0.08. Implied volatility had also increased to 11.83% (only 0.51% lower than our day 1 IV) -At 11 DTE, which was Friday 10/23, XSP closed at $762.37, and the 805 premium was trading at only $0.04. Implied Volatility was 11.94% (only 0.40% lower than day 1 IV). That's roughly a 98% loss in premium value. If you factor in spreads and possible trade fees, this is essentially a 100% premium loss, and the option still has 11 days until expiration. -The current delta on the 805 call is realistically around 0.005, requiring XSP to make a 2.5 standard deviation upward move (less than a 1% chance) before expiration for this contract to become relevant again. If you were still long this contract, your chance of at least breaking even is less than 0.05% ($808.22 BE point). If you had sold this contract for premium, you're all but guaranteed the max profit on the trade if you let it expire. Regardless of whether you went long or short, you should have closed this trade out well before this point. The last 40 days of data show some of the disconnect between Greeks and future assumptions at entry versus what actually happens, even when many of the variables remain relatively stable. Premium is driven by supply and demand, and supply and demand are influenced by time first, and underlying price second. The Greeks are just an attempt to quantify the market's premium valuation at any particular point in time. $SPY $QQQ

An extensive break down of put credit spreads! This is the first of many I will posting over the next few weeks. Feel free to ask me questions, or provide any content suggestions!

Some thoughts on SpaceX ($SPCX) leading into the IPO this week: There’s a lot of focus on the substantial future upside, and I’m bullish too. But I want to lay out what I believe is the company’s biggest risk factor: