Buy the Dip Diagonal + AI Strategy
    • 16 Oct 2024
    • 1 Minute to read
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    Buy the Dip Diagonal + AI Strategy

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    Article summary

    This is a discussion of the "Buy the Dip Diagonal + AI ⚡" strategy.

    Overview

    • Diagonal
    • 2 legs
    • Used with Only tickers in: QQQ, XLV

    Buy the Dip Diagonal + AI ⚡ Strategy Settings

    Buy the Dip Diagonal + AI ⚡ Open Conditions:

    • Stock crosses up through 200 Day SMA
    • Stock > EMA10Days
    • RSI20Days < 70
    • Kurtosis1Yr < 0
    • Skew6Mo < 0

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    Details on Options TradeMachine is Selecting for Buy the Dip Diagonal + AI ⚡ Strategy:

    • 1x short 30 delta call near 14 days to expiration
    • 1x long 50 delta call near 30 days to expiration

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    Earnings Handling for Buy the Dip Diagonal + AI ⚡ Strategy:

    Buy the Dip Diagonal + AI ⚡ Close Conditions:

    • Options reach expiration (Close all legs with front month options)

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    Open next trade for Buy the Dip Diagonal + AI ⚡:

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