Why Would I Sell SPX Calls If We’re Bullish?

by | Jul 10, 2018 | Market Updates

Using the Elliott Wave Theory, I believe the 2018 consolidation is nearly complete and we’re going to use this specific option strategy to cash in if the triangle is complete and SPX is headed above 3k.

Todd’s Trading Lifestyle Vlog #42 – The GREEK Wedding

6 Comments

  1. Patricia E Smith
    Patricia E Smith on July 10, 2018 at 11:31 pm

    These free videos are very much appreciated. Thank you!

  2. Kevin
    Kevin on July 11, 2018 at 1:01 pm

    In your yellow alternative, your W and X waves are in fact the large triangle D and E. Price since that E bottom is in an intermediate wave 5 up (the correction was an intermediate iv of course). Anyway, just thought I’d offer some help…

  3. adrian flyte
    adrian flyte on July 11, 2018 at 1:29 pm

    Dear Todd,
    Thanks for video. I see sideways moves, since middle of February, as merely a B or X wave. I think we have to go down again to get rid of the bullishness. Don’t like look of financials or semis particularly either.
    Keep up the good work really enjoy videos.
    Best wishes, Adrian.

  4. Victor Pereira
    Victor Pereira on July 24, 2018 at 7:10 pm

    Thanks Todd,

    I learned a new options strategy that is very interesting with this video. The E wave is too short at 0.382. Which is my main concern.

    That’s why I’m thinking of a third alternate wave count where W-X-Y-E are 1,2,3,4 of an ending diagonal being this 5th wave also ABC wave. However my concern from this point of view is time (the flat takes too little time in comparison with the previous 2nd Wave of 09′).

    I’ll look forward to how the wave count will truly end.
    Best Wishes, Victor.

  5. Nizar
    Nizar on July 28, 2018 at 4:33 pm

    What is the exp date for the trade Todd (I probably missed it)

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