Out at charity event during US trading session – checked phone at 9:55
RUT Premium Popper placed with stops and targets – back to pinot and nibbles
~1 pinot and 3 salmon thingies later – bingly bong – target hit at 59% ROC
Check in – check for trades – check out – that’s how trading should be
Premium Popper filtered with breakout pullback from Friday’s larger range structure
SPX flatlined for 50 minutes after entry – zero directional movement
Premium popped anyway – profitable exit triggered at 54.5% ROC
Futures traders with same setup got Sweet Fanny Adams – we got paid
Two classic ORB20 setups – both above 2 day VWAP for added directional bias bonus
Nice quick breaks – nice quick moves – textbook execution
No stress no fuss – fast move – fast profits
SPX 54.5% ROC + RUT 50% ROC = 104.5% combined – wish they were all like this
Late entry due to phone calls – but price resting below ORB20 so still valid
SPX remained underwater for hours – probably longest duration Premium Popper all year
Stop loss intact – theta decay doing its work whilst trade not moving right way
Option slowly collecting pennies – 56.5% ROC achieved – love getting paid even when wrong
Another great Premium Popper outcome – was intending to not trade much but this was A+ setup
RUT right off opening bell showed ideal footprint inside usual ORB20 setup
Fast directional move to exit – $12 profit at 54.5% ROC
Sometimes tempted to just wait for this setup and this setup alone
Two Premium Popper wins: SPX 58.3% ROC ($12) and RUT 54.13% ROC ($10)
Key insight: Opening range was inside a larger multi-day consolidation
SPX failed breakout at larger range highs – used 6 money making patterns to scalp lower
RUT clearer – break through ORB lows traded the larger range reversal