optionflow

$SPY $VIX $UVXY #ES_F - $QQQ Distribution

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
34 0 1
Increased volume and trading range are bearish characteristics. Distribution is present and option flow points to volatility and a move down. Huge put premium in all indices targeting Oct 21. Large VIX             OTM buys as well with DP's short covering at the bottom of the range and selling into the rise.

We had a buying climax (Wick didn't appear in this software). TOS catches an upper wick to 118.78 with Macd & RSI peaking, which indicates BCLX.

CCI and RSI have room up, but WilliamsR signaling sell. WIlliamsR can stay in the sell range for a while.

My bias is up to a new high, sucking in more retail investors, then sell off. A quick short at UTAD ( ~ $120) will pay nicely. I would then sell the $121 calls or a collar to capture premium during the chop into LPSY.

As always, the data changes, so stay flexible.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out