Share this page!

Enter Twitter Thread URL to Unroll

Needs to be the full URL like: https://twitter.com/threadreaderapp/status/1644127596119195649

How to get URL link on Twitter App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
RIPPYGOD Profile picture
@THERIPPYGOD
Aug 2 • 13 tweets • 4 min read Twitter logo Read on Twitter
Let’s do a quick Short Recap on the day
08/02/2023

P/L + $79,893.00

Traded $SPX

Tools Used: Chart Structure & Gamma, Vanna, & Speed Exposure

Thread 🧵👇🏼 $SPX $SPY Image
Identify the environments!!
Negative Gamma Exposure
Negative Vanna Exposure Image
Identify the AOI (Area of Interest)!!
ANY of the big exposures can be used as AOIs today.
Identify the Vol relation to the underlying!!
If we increase in underlying, the AOI gains vol suggesting dealers need to sell stock to hedge
If we decrease in the underlying, the AOI loses vol suggesting dealers need to sell stock to hedge
Create your bias from hedging mechanics!!
This information from the data gives us the suggested bias for the day being in a sell/sell letting me know to look for short entries.
To understand speed here is an analogy that may make it simple. You have a rock rolling down a hill, speed can be seen as the slope of said hill. The higher the Speed Exposure, the steeper the hill, the faster the rock rolls down. Image
The higher the speed exposure, the faster the delta of an option can pick up when the underlying moves in your favor, this can increase your potential profit compared to if you were to just take any contract
it will help you select the one in which the delta will increase the fastest
Video breaking down how to read the data the same way:
Time stamps of all the trades with entries and exits


Image
Image
Image
Image
Main level to watch for today was the break of 4527 (10 day outside day break) all trades today were based on this level. And mid day when it retested and rejected was another entry for it.
Bonus tape recap: off open this trades were filled as imbalance started to shift to the sell side. These were the top 3 market orders before it dumped from 453 where we had our stops for the day, slightly above that level at 453.30 Image
All data derived from

It’s your last and final chance to sign up for the beta launch that ends Aug 6. What are you waiting for?Traderlink.io

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with RIPPYGOD

RIPPYGOD Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @THERIPPYGOD

RIPPYGOD Profile picture
Jul 6
Hi Traders! (Educational Post)

Let's talk about an advanced trading strategy today that uses 'Time and Sales' (T&S) and 'Gamma Exposure' (GEX) as 'magnets' for price. 🧲

Thread 🧵👇🏼
Firstly, remember that GEX represents the sensitivity of an option's delta to changes in the price of the underlying asset. High GEX AOI's (Area of Interest) often act as a 'magnet' for price due to market makers needing to hedge their options positions. 🎯
Start by identifying these high GEX AOI. When price levels are around high GEX, we can expect the price to be 'drawn' towards them as market makers adjust their hedges. Essentially, high GEX levels can become areas of equilibrium.
Read 10 tweets
RIPPYGOD Profile picture
Jun 21
Here’s how I was able to take advantage of $TSLA breakout this month and make
$74,381.41

Using the Roll Up strategy
Now this strategy has nothing to do with technicals / it’s more of a momentum continuation & risk management strategy

Thread 🧵👇🏼 Image
When a stock is breaking out, as traders we really don’t know how far it can actually go, yes we set targets and profit levels but sometimes our targets get hit and stock continues to the upside even higher
Now to understand how to roll we need to go back to the basics

Let’s say you purchase 20 contracts of TSLA 200 C @ 2.00
And you take profit @ 4.00
Which would equal to a profit of $4000
Now the best thing to do is to roll up to the next strike price
Read 14 tweets
RIPPYGOD Profile picture
Jun 21
Let’s do a quick Trade recap on this $SPX day trade
P/L + $22,627.18
06/21/2023
All times listed below in eastern time
Tools used: Chart Price action structure & Gamma / vanna exposure

Thread below 👇🏼 🧵 Image
So off open we rejected 4175 area before dumping towards 4160 and holding as a bounce level
You can see $SPX holding the bounce level and going to retest the 4170 area before rejecting for a second time.
As it approached the 4160 level marking a double bottom the second time
I took my first starter position it went 30% I kept holding/ on the third retest/ volume and aggressive buyers started hitting the tape
That’s where I loaded my main position with a target of 4170-4175 area
Read 19 tweets
RIPPYGOD Profile picture
Jul 20, 2022
Let’s talk about Implied Volatility (IV). In my opinion it’s the best tool you can use as an options trader. I got another thread for you. ⬇️⬇️ read below
Implied volatility (IV) represents the expected volatility of a stock over the life of the option. As expectations change, option premium reacts appropriately.
IV is directly influenced by the supply & Demand of an option.
Since it’s directly influenced by supply & demand. Use open interest as Supply & volume is demand.
As expectations rise/ demand for the option rises IV will rise. High IV = more expensive Time value.
Read 17 tweets
RIPPYGOD Profile picture
Jul 19, 2022
If your a trader that keeps turning your Green Days to Red Days, this thread is for you. Read this ⬇️⬇️
Identify how risk adverse you are as a trader with a simple risk management scale.
Depending on my mood for the day, usually if I’m green after the first hour, I’m a 70/30 type of trader. I keep 70, risk 30.
Some traders who like to take more risk would be 60/40, while other traders who don’t like to take risk would be 80/20 or 90/10.
Their is no right or wrong answer when we look at this risk management scale, all depends on the type of trader you are
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(