that will most likely not come to pass, but you have a gap on the weekly at about 83 dollars. draw out the channel it's been trading in and they intersect in mid may around that time. highly unlikely that this will happen, but all of the may 17 puts under 115 are only less than 1 dollar premiums. so if it does happen there is a lot of money to be made.
lol go short, this is just a chop before bloody april
Fraggle_Rock
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@Allure016, well i closed my calls near the end of the day. i'll wait to see how the 20 ema moves on the 30 minute. seems like a 50/50 to me and with FOMC on wednesday i don't feel comfortable holding any positions overnight. we'll see what happens.
mulaudzimpho
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@Allure016 you are very matured in the game before a move come it must do this kind of rejections yes I don't think it's gonna reach 80 that will be far
Fraggle_Rock
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@mulaudzimpho, i dont ever take long term options trades. i just trade intraday, but i do put ideas out there for longer term moves. the 83 number is based on a Gap on the weekly chart at that price. we'll see what happens. thinking we could hit 186 tomorrow. that said we're definitely not in a confirmed uptrend, not in terms of price or on the RSI. we'll see what happens
Fraggle_Rock
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i know you guys like it, but holy shit im really really really thinking about going long tomorrow. just seems like a great freaking friday call option play. so whether you think this will play out or not, please go long on friday, help a brother out.