I was in DKNG at 28ish, but sold the rip... was looking for another entry and today we got it. Got Nov 40 and Jan 45 calls at the bottom of the small liquidation (avg stock price was around 33). Anytime there is a sell off and they widen the spread... I sit on the bid and provide liquidity for those that panic sell out. Donkey Kong has been good to The Carny :). Decently high risk trade, currently in about a 1/2 size position.
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I'm new to using this so if you follow... make sure to adjust quickly as the market changes. I closed all my longs two days ago... because the market has got overally bullish. I still like DKNG very very much, but I was able to avoid the second crash. I also closed CHWY... which never stops going up since. So I dodge one bullet and shot myself with the other lol. Looking for re-entry off the market pull
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Use the fib lvls as bounce areas, support and resistance and trade around them
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I grabbed some Nov 40's today. 4.20 avg price. Nothing huge, but I want a piece just incase we get some good news. Bad news def starting to be priced in.
The Carny