I like to tell myself that sometimes the best trade is no trade.Patience is not inaction.
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I like to tell myself that sometimes the best trade is no trade.Patience is not inaction.
Anyone picking up any LEAPS at this time with the drop in IV?
If so, any (non-advice ) strike recommendations ?
I have 2 counts, both pointing to an eventual pullback to 240. This can happen anytime between now and early October. This consolidation phase will be deceptive and designed to take as much money from both the bulls and the bears as possible.
On the put side I'm sticking to weekly -245P. On the call side I'm selling 300+ calls as the stock approaches the next downtrend resistance. Keep my positions small and scattered throughout the week. The hourly trend resistance 273.3 stopped today's rally. If that's broken then I'll wait for the next line at 278 to sell more calls.Thanks. How are you playing the next 1-2 months?
Also, what short calls strikes are “safe” for this week and even the next few?
Both ran up hugely on massive call inflow. Those calls weren't all gone at 254. Any attempt at a rally is an opportunity for those calls to be liquidated. 271-273 was the first test and we failed on the first attempt. Here's my projection for the next 2 months.Ok, it’s pretty obvious that TSLA is being driven by the options market this week. Up down and close within pennies of $270. Yes, I’m pretty happy about it, with IBs at +p250/-pc270/+c290 and ICs at +p250/-p260/-c280/+c290. Bought back 275&280 CCs during the MMD and resold $272.50s when we got back to $270 this afternoon. Willing to roll if needed. Didn’t get the best price, but better timing than my usual. GLTA
Edit: everything on my watch list except TSLA & RIVN are green. Apparently the hedges hate EVs.
The red and blue squigglies tracking the daily share price moves - what indicator is that? Is it something auto generated, or something you draw in yourself? If I've got the name, I can go read about it.Both ran up hugely on massive call inflow. Those calls weren't all gone at 254. Any attempt at a rally is an opportunity for those calls to be liquidated. 271-273 was the first test and we failed on the first attempt. Here's my projection for the next 2 months.
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Thanks. What’s the duration scale? Are those hourly points? It looks too fine for daily. Also, what’s the approximate cycle time of your up/down zigzags? Looks like about a week up, and a week down.Both ran up hugely on massive call inflow. Those calls weren't all gone at 254. Any attempt at a rally is an opportunity for those calls to be liquidated. 271-273 was the first test and we failed on the first attempt. Here's my projection for the next 2 months.
View attachment 959552
Its called supertrend.The red and blue squigglies tracking the daily share price moves - what indicator is that? Is it something auto generated, or something you draw in yourself? If I've got the name, I can go read about it.
It looks like the first low should be made by the end of next week but this part is close to voodoo if the path turns out to be 100% correct. What I think is the 1st of 1st leg down was very aggressive and so the follow up should be equally as aggressive. Together theyll do most of the damage and the 2nd big leg in red will be mostly chopping sideway till P&D.Thanks. What’s the duration scale? Are those hourly points? It looks too fine for daily. Also, what’s the approximate cycle time of your up/down zigzags? Looks like about a week up, and a week down.
I am waiting for a possible additional pul back before pulling the triggerAnyone picking up any LEAPS at this time with the drop in IV?
If so, any (non-advice ) strike recommendations ?
the gap is 291-280.Fewer horses traded yesterday, put call ration .94 , can't say whether the decrease at C265 and C270 are the increase at C275 and C280. ER gap fill is the 260-267 ? I am contemplating buying back some -C280 and sell a few closer to the money but don't necessarily want to let shares go... hmmm.
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