Looking backward to chart forward – like rowing a boat backward to move forward.
Discover this indicator for playing option.
1. Simple and easy to understand concept, good for beginner.
FTI Strategy : Follow the Institution strategy with high success rate.
I am trying to select some option metric to get a sense of how efficient and effective are my option positions.
This week I sell both stocks and E-mini S&P Index Futures and collected enough premium to feed me for a week or so.
For Stocks, basically I use the investors.com for entry and the selection criteria are:
1. High IV rank or IV percentile
2. High Volume
3. Low Spread different
4. Good ROM or ROC or ROI
5. High for OI and volume
6. Price gap or major price change supported by a big volume
7. Look for high probability setup using chart like LR, SMA, RSI, MACD, Bollinger and dynamic band
For E-minis future, I use Hips and Lops strategy for entry and let it expires worthless.