MRNA gaps up & down on news

Moderna (MRNA) gaps up & down so much on news. As you can see from the ATR (average true range), + or - $20 moves are routine and + or - $40-$60 moves are not abnormal, from one day to the next. On the rare occasion MRNA is trading sideways for the day, I see that as an opportunity to enter a delta neutral position 1 ATR strike apart from the current price. For example, if MRNA is trading at $250, then a 1 ATR delta neutral position is a $230 put and a $270 call 12/17 expiry, otherwise known as an otm strangle. There are website based options profit / loss calculators that will do the black scholes calculations of IV, delta, theta, gamma and vega.

price levels on the 1d chart:

FibEMA233 = $248.09
FibEMA144 = $309.11
FibEMA89 = $348.33
FibEMA55 = $309.11

Trend channel
breakout = $370.13
R3 = $351.24
R2 = $330.90
R1 = $309.11
pivot = $290.22
S1 = $269.88
S2 = $249.54
S3 = $229.20
breakdown = $207.40

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com/u/growerik/

Comment:

MRNA 30 delta call idea