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I used to use the Prophet Charts all the time but I've since moved over to the ToS charts. I write thinkScript for strategies and then I can backtest it on the ToS charts. I like the Prophet charts but they don't give me the functionality that that ToS charts do. You can write your own indicators, etc as well if you like in thinkScript. The ToS charts are just have a lot more functionality. Some things aren't as good, but overall they're better IMO.
Yes, I do avoid selling spreads if the earnings announcement will be before expiration. Thanks for bringing up that, I completely forgot about it and it's just something I do without thinking about it.
-Alli
Can you help answer these questions from other members on NexusFi?
All of the spreads for this week are doing well at this point - all except one on SINA. It's still above the short strike which is fine if it stays there. It has not moved up much since the day I opened it. It does however have bullish divergence on the MACD and a double bottom on the 1 hour chart (chart below) All the others have rocketed up and are pretty safe. With tomorrow being a holiday, I get a free day of Theta decay in my favor. :-)
Starting to take a look at where things currently are in preparation of selling more spreads for next week starting on Thursday.
Next weeks options become available tomorrow morning. The markets look overbought on the hourly, daily, and weekly. This gives me a bearish outlook for the next week.
I'll be looking to enter bear call spreads this week.
You'd piqued my interest and I dug up a quick tutorial thanks to some Googling (I can't post a link yet). Wow! I can't believe I didn't know about this feature.
Anyone who uses TOS and doesn't know about it should check it out.
All of my spreads for this week are looking perfect and should expire worthless over the weekend. Once the market closes, I'll post a summary of the trades for this week.