After the recent SEC news that they may come after HOODs most crucial methods of gaining revenue, profit from order flow, I am buying puts towards $40. As we can see from TA, a bearish flag is forming. Looking for take profit levels shown by the percentage projection markups.
Oooh hope your right I put 200 into 40 dollar 0ut hopefully make a few grand off this
attiladaahun
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@nbuccelli21, Hey there we will see how this plays out.. what was your expiration? Please be advised that you would not only hit the $40 but also the added contract price ($40 + Option contract price).. You could profit from the implied volatility going up, but that would depend on what the volatility and OI was when you purchased the contract