Take a look at the chart of TAN and tell me it's not overextended right now. JKS is the biggest offender and I'm looking to buy some puts on this insane move. Completely unsustainable and will see lower prices from here.
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I shorted this morning when the underlying was 45.80 with a 44 strike. Down right now but have 10 trading days for this to collapse. Never seen a move like this before with no red days for a 100% amplitude move. Still very confident
Sheesh surprised by yesterday’s high volume run up.
I’m in on 55 strike puts exp Oct 16. Severely Overbought on RSI and stochastic indicators.
shaze90
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This one is a monster I'm thinking 65 possible hell at this point 100 makes no technical sense. I bought 5 calls strike 22 before this happened talk about the lottery.
DXY_to_0
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What a trip. I flipped to calls midday on the dip and made my money back. I don’t disagree, but it’s just too damn strong. Will wait for some signs of weakness.
PropNotes
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@DXY_to_0, yeah its crazy. my bet isnt big, only 20 or so contracts so it's not a big deal if it doesnt work but I think its worth having some exposure and i'm riding this one out until the end haha
SIFITIME
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@Pholesolus, how'd those puts do? haha.
PropNotes
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@anthonytrading728, not well lmao
DXY_to_0
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Looks like you didn’t have to wait that long. Awesome call once again
almost 150% move since last daily higher low and all that bear divergence on 4hr and 1hr chart. most extended chart I've ever seen in the 3 years of trading. almost a full 30 days since it's last daily higher low??? lol the greed