The Top 25 RIGD Trades !

Good day RIGD.

Still not convinced the stock market is RIGD and controlled by the lizard people?

Here’s what we said an hour before the close on Friday.

Max Pain in options trading refers to the strike price in which the highest amount of call and put options expire worthless.

Options expire worthless when they are out of the money.

Lizards are the option sellers while retail primarily buys options.

At the end of the session at absolutely no surprise to us they closed SPY and NVDA at max pain.

We’re looking at ways to incorporate max pain into RIGD AI but if you ever want to check for yourself it’s easy to do at maximum-pain.com.

Once again the lizards got rich and retail got rekt.

When the price action is ping pong bing bong, we still watch the market for ideas on how we can improve the application (we want to be the easiest system for degenerate traders to make money on 0dte alerts).

At the core this means alerting you when an alert has a higher probability of being successful without requiring you to look at the screen all day.

Here’s when you want to stay out:

Look at the price action ping pong back and fourth between 361 and 362 on the QQQ. This is the lizards in full control of the market, pure 0dte ping pong back and fourth. This is not something you want to trade.

An hour later this is what the chart looks like.

You’ll notice that it looks like it’s finally breaking above 362.

Next we fire a bull bomb.

It breaks out of the 361 - 362 range, you get a bull bomb and you enter the trade.

This trade had a max return of 241.75% and returned 119.28% if held until the end of the day.

Simple changes first -

First we’re editing the chart to show you four different views; open, middle, close and full day. This will give you a better view of the current price action. If you’re trading a bomb at the end of the session, the beginning is no longer relevant. The chart updates will also show solid lines across every strike price (dollar level). You want to have your finger on the trigger here to sell.

Complicated stuff next (tbd) -

Ping pong detection: the app will alert you when the price action is bouncing between dollar levels. We think of this in two ways; one you want to avoid any kind of trades here, but more importantly the “golden rule” of bulls at tops and bears at bottoms is somewhat invalidated. If the price is bouncing between 365 and 366 and you get a bull bomb at 366.05, it comes at the top but it could mean a breakout of the ping pong. Like the example above it was a great trade to take.

Price target recommendations: if we’re going to be the easiest system for 0dte alerts, then we need recommendations on when to sell. We’re starting to go through the data for July and August (more on that in a minute) but in the meantime we can have the app automatically recommend a target price if your strike is hit. So if SPY is 442.60 and you buy the 442p, RIGD AI will send a target price so you can set a limit sell order at that value.

If you have any improvements and / or suggestions you can always reply to this email!

STARTING TO LOOK AT THE RIGD AI DATA

We started sending alerts in July and went live with the beta in August. We only have two months of data, nowhere near enough for anything to be statistically significant (we also don’t know what this term means as we were hooking up with the TA to secure a passing grade in the class), but got damm is it interesting.

Here are the top 25 overall alerts by session (open, middle, close)

52% came during the open session

80% of the alerts were bearish

88% of the alerts were on Wednesday, Thursday or Friday

RIGD BRAIN: The market has been moving down since July when data started, so it makes sense to see the top returns being bear alerts. It looks like the best days of the week to take bear alerts are Wednesday, Thursday and Friday.

Next let’s look at the top 25 bull vs top 25 bear

52% of the bull alerts came during the middle session

56% of the bull alerts came on either a Monday or a Tuesday

RIGD BRAIN: The middle session is typically where price action begins to chop before resolving higher or lower. Seeing the best bull returns come during the middle looks like the lizards take a position before hulking the price up towards the end of the day. Monday or Tuesday look great.

0% of the top bear alerts came on a Monday or Tuesday

60% of the bear alerts came during the open session

68% of the bear alerts came on a Thursday

RIGD BRAIN: We knew Mondays were bullish, but we were surprised to see that none of our top bear alerts fell on a Monday or a Tuesday. Seeing 60% come in during the open session (when we expect people are still buying calls) is also surprising.

Low IQ thoughts continued:

We only have two months of data, but it looks like Monday and Tuesday are for bull bombs and the rest of the week is for bears.

The max gain and blended max gain is nice for marketing purposes (hopium), but shouldn’t be relied on for any kind of actual return because no one is a perfect trader. We have to tweak some things, but we plan on adding returns based on 30% SL and 90% tp and let it ride which means selling at the end of the day.

We’re thankful for the few, the proud, the degenerate members of the beta who have been shootin’ from the hip so far with no data. It will be four weeks tomorrow and we’ve come a long way, but there’s still so much we need to ship to improve the product.

Session stats will launch soon, so you can have a better understanding of the alerts sent intraday and make better trade decisions.

We are killing further development on any new features like 1DTE trades to make the 0DTE product better.

Stay frosty!

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