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.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out