S&P 500 Daily Forecast for Thursday, April 23, 2020

85% Accuracy. (4.25 correct statements out of 5.) + 15% Profit in 4 hours.


Executed Trades: I deviated from the original plan and opened an ATM split around the open. At around mid-day I sold the puts for 15% profit and doubled my position on the calls achieving a better cost basis for the position. Recognizing that my confusion towards the end of the day was due to two overlapping opportunities. I chose not to take opportunity to short at precisely 3pm est. as predicted. Instead, I chose to for what looks like a much better opportunity to buy calls at the close and doubled my position once more in addition to purchasing more speculative deep OTM Calls position.


Day's Theme - High volatility in the AM. Reconsideration of investments that were rejected in the past.

This 5 day chart clearly shows the high level of volatility in relation to the rest of the week. Oil futures were up 50% today after a historic all-time low earlier this week.

1-Day High - will form between the pre-market and 11am est. Nailed it.

1-Day Low - will form between the pre-market and 11am est. There will be a big move to the low AND/OR there will be a big move off of the low. I was correct in the fact that there was a low in the pre-market but there were also 3 more towards the end of the day, so I'll rate that statement at .25 out of 1 accuracy for that statement. There was a significant decline followed by a significant rebound off of the second Low around 1:45pm est.

Executed Trades: I deviated from the original plan and opened an ATM split around the open. At around mid-day I sold the puts for 15% profit and doubled my position on the calls achieving a better cost basis for the position. Recognizing that my confusion towards the end of the day was due to two overlapping opportunities. I chose not to take opportunity to short at precisely 3pm est. as predicted. Instead, I chose to for what looks like a much better opportunity to buy calls at the close and doubled my position once more in addition to purchasing more speculative deep OTM Calls position.


*****Original Post

Day's Theme - High volatility in the AM. Reconsideration of investments that were rejected in the past.

1-Day High - will form between the pre-market and 11am est.

1-Day Low - will form between the pre-market and 11am est. There will be a big move to the low AND/OR there will be a big move off of the low.

Planned Trades:

1. I currently have a 285 split (long puts and long calls at the 285 strike price. I will need to be nimble in the early trading session because there could very well be an opportunity to make money on both sides of the market.

2. The end of the day provides an opportunity to go short AND/OR buy long puts.




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