PRTS exploded again today as expected on big volume. Currently 12pm EST and there is almost the full volume from total yesterday.
Price reached above the channel and now looks to be finding support at the top of the channel here. Would not be surpirsed if today's close ends up under the top channel line
I've sold most of my position, a bit too soon but cost base was just over $10 so a healthy profit.
Have picked up some Aug21 12.50 Puts near the top.
Note that the Point of Control on the volume profile is still down at 12.47. I expect a retracement to this level or lower in the next few days.
My first buy order set for that area. Will look to add on dips below that area as well.
Tradingview has an error on the earnings reporting date. It's Aug 10th not the 6th
This pulled back a lot farther than I anticipated. I'm curious to see if this is a blowout top. The spike up seemed to exhaust a lot of buyers and support wasn't found really at all today.
I'm now partially short via some OTM puts. I expect a pullback down to the bottom trendline at least.
Unrelated but related I think the VIX is looking for a jump up over the next few days. That and FOMC meetings typically get a bit of a dump. Will see where this goes to..
I'm now partially short via some OTM puts. I expect a pullback down to the bottom trendline at least.
Unrelated but related I think the VIX is looking for a jump up over the next few days. That and FOMC meetings typically get a bit of a dump. Will see where this goes to..