SOME DECENT 185 CALLS CAME IN ON THIS DIP, but still iffy
Entrenched
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check out the update for this chart
Entrenched
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some dark pool levels to watch
Entrenched
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current options flow. nothing major yet other than the purple. but even that is not impressive. important to note that calls on the bid side can suggest selling calls or taking profits
BRD1985
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Looking like it’s a short with further price cuts this morning?
It is a tricky one; I personally think earnings will be ok, I know they sold a lot of cars with the discount however with that they could miss on revenue….?
Entrenched
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@BRD1985, I agree, I was looking at some charts that illustrated the high number of sales, which I believe is a positive sign. However, there is a possibility that profit margins may not be as high due to the discounts offered as you pointed out. In my opinion, by the end of the month, we could see the price range approaching the weekly ATR range. In my video analysis, I tried to remain objective and not let personal biases influence my assessment of potential market movements. For instance, Netflix experienced a significant after-hours drop due to a slight miss, but recovered pretty quickly.. I attempted to create a chart that could account for price spikes in either direction. However, I am certain that falling below the price point of 174 is a level that requires our close attention
Entrenched
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@BRD1985, Tmrw I will be watching the options flow for any clues as to how big money may be positioning, and I will definitely try to post an update screen shot of what I see
elisanascar
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Thank you so much. I guess we shall see what the earnings do.