Naked Put - Growth Indicator
1) I have identified 20 companies with 30%+ YoY revenue growth (using the most recent quarter) and minimum "average trading volume": ZEN, TEAM, BABA, SHOP, RNG, SPLK, NFLX, FB, WIX, SQ, MULE, WDAY, MU, HUBS, ABT, LOGM, NEWR, NVDA, MELI, AMZN, NOW. I like companies that fit this criteria because 30%+ revenue growth means their revenue double every ~2.5 year and their "market cap" is based on their revenue.
2) When you see a green "$" icon above a candle on a DAILY chart, that means it's a good time to "sell naked puts" using the solid green line as the approximate "strike price". I prefer 3-9 months until expiration and "stagger" my expirations so it's not possible for everything to be put to me all at once.
3) I use a "minimum premium" and "max contracts" that I sell that suits my risk tolerance, you will need to calculate your own contract size based on your risk tolerance.
*NOTE: This only works on a DAILY chart, and only works on the companies identified above -- if you are using intraday, weekly or monthly, the "$" signs do NOT appear.
RISK NOTE: I do NOT sell any naked puts unless I am 100% ready to own the shares AND have enough capital in my account if they are put to me, you should do the same. Don't follow this strategy unless you are prepared to OWN shares at expiration.
1. I don't hardcode any tickers anymore, got too many questions about that.
2. There is a blue line (10% pullback) & green line shaded area that draws the 10-25% pullback zone to sell premium which price action is in that zone.
3. The green line is the strike price where you sell the options.
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Author's instructions
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Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MattDeLong directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.