OptionsHawk Rules to Trading Weekly Options
- A top technical set-up triggers
- Stock has a bullish flow bias (Hawk Database) (or bearish for put)
- S&P/QQQ Above 8-MA & NYSI Bull Mode (Ideally) (Below for Puts)
- Relative Stock and Sector Strength on Open (Peers Strong) (or weakness for puts)
- Trend-Up Day Opening 30-60 Minutes Breadth Signal (Trend-Down for Puts) – Only Trade on Trend Days!
- Do not chase opening 30-minute high/low (calls/puts); look for early retrace (5min 8-MA or daily VWAP)
- Exit/Stop on 8/21 Bear Cross 5-min chart
- Take Profits End of Day