Weekly Option Expiration Strategy Using SPY ETF

http://theoptionguru.com/blog This video demonstrates, using the OnDemand feature of the TOS platform, how weekly expiration on the SPY ETF can be profitable. The key is using Person Pivots as the entry indicator.

Comments

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2. Thank you!
3. This is very helpful video. I want to know what time range you have used for your chart. I tried all settings like 1 D: 1m, to 20 D: 1h ..nothing seem to help bring chart setup like yours. Please help.
4. He sounds like David Vallieries
5. Notice when he is doing the trades, his max loss if it goes against him is around $1800, you can see this when he goes to fill the order. The probability indicator is saying on most of the trades it will be in the money 20-30% of the time at expiration. Which basically means 1 out of 5 times he is going to take a max loss.
6. What if the market goes against you?
7. Jeff I watched your videos several times and have been practicing on TOS. Thanks so much for sharing! I have been trying to find the Trading As A Business course, but I cannot find it. Would you tell me how to find it?
8. great video! thank you
9. Hi, Thanks for sharing. Do you have any more latest videos on SPY weekly strategies. Also the Pivot Points, you typically use a Daily- 6 Month chart. What is the Pivot set up for this period. Is this the standard, or you modify the settings on the PPS study. Appreciate your thoughts.
   
   Thanks, Srini
10. Its so funny that you said trading as a business because I watched his course and before you even mentioned I can see your style very alike to his. Now the problem I am running into is that I do not have have the 25 k and I do have a cash account where thinkorswim only its letting me buy options not sell spreads yet. do you have any strategy as far as buying options?Also what about the risk and reward? this is very risky since you are risking 10 the amount that you can make even its short time risk.?
11. Using On-Demand in Think or Swim is a great way to back test but please remember that when you see success trading $.02-$.05 options that the commission will consume that gain. My rule of thumb is add $.01 for every share of stock represented in the contract. Example....buy 1 contract, add $1.00 the commission cost both in and out. Best of luck!
12. Can you (or anyone who has actually traded this strategy) tell me what a typical loosing trade looks like? The video shows only winning trades. How much are you likely to loose when your trade isn't a winner and how do you know when to get out?
13. Excellent strategy. We use it with our trading too.
14. Selling short options for pennies? LOL wow thats just insane.
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18. "option guru"?! Automatic fail. buh-bye
19. Hi Jeff, I am new to Options Trading. Have gone live account since March this year 2015 and it has been BAD experience all the way, until I viewed your Weekly Expiration using ETFs video. However, I am aware this video dates back to 2010 and since then you have your own blog, which I have subscribed to. I am aware there are many strategies for entries and exits orders, as your new blog now talks about Condors and Butterflies and all that. That of course adds on to my confusion! as well as being in the negative for P/L to date!
    I am diligently learning over and over again your 2010 take on trading using PPS indicator.
    Should I continue with this study and have you an update on this style of trading? I am NOT after big gains, but steady, consistent positive credits, just as you have espoused in your 2010 video. Cheers.
20. his Profit/Loss (P/L YTD) IS negative. This strategy was not profitable. Don't be fooled by the P/L Day as it doesn't take into account the loss over the year it only shows how much profit was made that single day