WOA_daily_email_sample

trades, market commentary, live session recordings

 1/27/2023, 09:06 AM[Peter Reznicek]: Live session starts at 9:30am ET today

1/27/2023, 09:41 AM[Peter Reznicek]: #1109 WORKING BUY +1 1/3 BACKRATIO NFLX 100 (Weeklys) 3 FEB 23 382.5/400 CALL @-.82cr LMT ISE

1/27/2023, 09:43 AM[Peter Reznicek]: #1109 BOT +1 1/3 BACKRATIO NFLX 100 (Weeklys) 3 FEB 23 382.5/400 CALL @-.80cr AMEX
[cancelled working order and filled here]

1/27/2023, 09:49 AM[Peter Reznicek]: #1108 WORKING SELL -1 VERTICAL SPY 100 (Weeklys) 27 JAN 23 401/404 CALL @2.50 LMT

1/27/2023, 09:59 AM[Peter Reznicek]: #1106 BOT +1 1/2 BACKRATIO COIN 100 (Weeklys) 27 JAN 23 55/60 CALL @-.65cr

1/27/2023, 10:05 AM[Peter Reznicek]: #1108 FILLED SOLD -1 VERTICAL SPY 100 (Weeklys) 27 JAN 23 401/404 CALL @2.50

1/27/2023, 10:21 AM[Peter Reznicek]: 0.25 coming on wednesday, anything more and the market will HATE it
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

1/27/2023, 10:45 AM[Peter Reznicek]: #1106 BOT +1 1/2 BACKRATIO COIN 100 (Weeklys) 27 JAN 23 55/60 CALL @-2.24cr CBOE

1/27/2023, 11:32 AM[Peter Reznicek]: will share profile into the close as a courtesy for rest of session.
1/27/2023, 01:20 PM[Jennie Nam]: RECORDING: Live Session 01.27.23
https://youtu.be/oBACriFDa4A

1/27/2023, 01:41 PM[Peter Reznicek]: #1106 SOLD -2 COIN 100 (Weeklys) 27 JAN 23 65 CALL @.04
we have these left over, so might as well sell them.

1/27/2023, 01:43 PM[Peter Reznicek]: Not sure why the profile shut itself off in the screenshare but it’s back now….

1/27/2023, 02:00 PM[Peter Reznicek]: #1109 BOT +2 1/3 BACKRATIO NFLX 100 (Weeklys) 3 FEB 23 382.5/400 CALL @-.78cr ISE
Feels more comfortable to go into next week with just two units left officially.  The 400’s have drained considerably now but so are the 382.50’s and if NFLX consolidates further, we’ll start losing value.  Once you’ve taken what you can from the higher strike, then it all comes down to the lower strike.

1/27/2023, 02:49 PM[Peter Reznicek]: UNOFFICIAL:
BOT +1 1/3/2 ~BUTTERFLY SPX 100 (Weeklys) 27 JAN 23 4085/4100/4125 CALL @2.90 CBOE
If you think this is going there today, it’s the spread that would work.  Upside risk is large.  Use caution, experienced traders only.   No mention of it after this and not tracked on sheet.
Or for less danger…
BOT +1 BUTTERFLY SPX 100 (Weeklys) 27 JAN 23 4095/4100/4105 CALL @.50 (can be widened out to $10 wide for about $2 as well)
Have fun and be safe…..

1/27/2023, 03:40 PM[Peter Reznicek]: There will be no change to #1111 today
class dismissed.

1/27/2023, 04:03 PM[Peter Reznicek]: Generally when we see selling like this late in the day, it’s daytraders of futures who cannot hold overnight.  The OTFOther Time Frame – This is a term from the early days of market profile that simply denotes those market participants that are not active in the day time frame. Think: longer term buyers and sellers like swing or core. (other time frameA market profile term for those participants whose time frame and outlook is of a very long term, perhaps months or years. The theory is that it is these market players that are active when the market is experiencing initiating activity as opposes to responsive activity. See Initiating Activity, Responsive Activity.) which is more institutional would not act this way late in the session.
That being said, I am as surprised as you at how deep it fell.  We took out the 15min RTHRegular Trading Hours. In the /ES this means the price action from 9:30am EST to 4:15pm EST only. Only 20sma and the VWAPVolume Weighted Average Price. This exactly what the name implies. VWAP starts fresh every morning at the open and starts to calculate as the day goes on and can be printed on a chart as the day progresses. The VWAP line can be an excellent setup for daytrades. Strong stocks that are making new two day highs are often buys when price pulls back to the VWAP line. Conversely, weak stocks making new two day lows are often shorts when they rise to the VWAP line. The VWAP is most effective when charted on trading hours only and ShadowTrader is partial to the five minute chart although in theory the VWAP line should be the same no matter what timeframe chart you are on. It is common for there to be a slight discrepancy in the VWAP calculation between various charting platforms. There is also the… More as well.  The developing POCPoint of Control, also known as the “fairest price to do business”. It is the price level in the /ES where the greatest amount of volume in the prior RTH session traded. ShadowTrader measures the POC using volume but the traditional way is to mark off the widest point of the day’s distribution where the most TPO’s printed going across from left to right, indicating that that was the price where the most time was spent. It’s important to pay attention to both the volume POC and the TPO POC. is at 4084 currently which is below developing halfbackA term for the halfway point between the high and low of any session, could be a day session or an overnight session. On Peter’s market profile charts it is always a dark yellow horizontal line at that level..
Could be people getting ahead of the 4100 resistance into the weekend.  Don’t know.  No change to current positions.