Renko Options Trading
Renko Options Strategies: SPY Position Trading With Options
Renko options strategies for position trading the SPY. The strategies include put and call option buys to replace trading the SPY and also options selling for income. The same day trading setups and strategies will be used for options trading but in a different way. The price envelope reverse and midline reject will still be used for option buys and directional trading, but the price extreme reverse may be used for option sells instead of trade reverses.
The Renko options trading chart brick setting size will be larger than the day trading chart to accommodate position trading. We are looking for a chart similar to a 60-minute chart for fewer Renko trade setups and for longer term position holding.