Two Trades I Took this Week

MEOH and TXN

Two interesting trades I took this week were MEOH and TXN. The former in particular came in as a massive risk reversal on Friday following some smaller flow in that name.

Both scored very highly on technical, macro and sector through my trading dash board which is fed from my curated flow data.

MEOH

Note the puts didn’t come through as a signal because I only look at signals between 30-180 dte for a number of technical reasons, but the full risk reversal is caught in the flow.

I sold December 40 puts and bought Aug 75 calls - unlike the whale I wasn’t happy with the levels from the MM at 45 after he had been in the market so I just paid a debit of 50 cents rather than trying to put it on for flat. I actually prefer the risk of the 40s with where we are with markets more generally.

TXN

I sold the 180 July puts - a very conservative trade. Again my positioning here is more a reflection of broader markets and particularly the digital nature of the Iranian situation this weekend. I may look to sell some more on a dip and VIX spike.

Note the rich data that is used here in my analysis. Mt discord is not just about option flow it is access to my trader tool kit with a feed from accurate curated options flow.