Earlier in March, Ophir Gottlieb from CML Viz did a webinar for my readers demonstrating his Trade Machine backtesting and option scanning software.
It was pretty cool, you should definitely check out the replay:
The password is CML12345
One of the strategies he demonstrated was called a Bull Mammoth, which you can read about here:
https://tm4.cmlviz.com/faq/mamo_technicals.php
When I was looking through the scanner recently, I noticed that a trade had been triggered on March 26th in UNH.
Here you can see the results on UNH when the Bull Mammoth scan gets triggered.
Pretty impressive with 8 wins and 3 losses over the past few years, but the wins resulted in +$15,770 and the losses resulted in -$3,455.
I was tempted to enter the trade, but I was a little wary given that I am new to the software and we were also in pretty full on correction mode at the time. So I decided to sit and watch it which was unfortunate because the trade has done really well.
Access the Top 5 Tools for Option Traders
The strategy called for buying a 14 day to expiry, 70 delta call which was the April 6th, $215 call. At the close of play on March 26th, that call was trading at $6.00 and UNH was at $219.05.
As of April 4th, UNH has risen to $228.79 and that April 6th call has risen to $13.75 for a gain of 129%, so I really did miss the boat on this one.
If you want to try out the software at a discounted rate, you can do so here:
https://cmlviz.com/register/cml-trademachine-pro-options-trading-iq/
I'll keep you posted on any further testing and examples that I do with the software.
Trade safe!
Gav.
