Aside a fundamental disaster that EM joining the board, AND this company has nothing on the plate to make money, the TA screams at me to short this Vulture.
Maybe it's not declining that steep like I have drawn, but I'm confident to make some doe to buy some Spaghetti §8-)
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Kinda works out. Taking partial profit here, but still expecting a move down to 5.
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Setting up another play with pure LEAP puts, so no spread.
This may work out to be a really great plan. Especially if we get another little push up on low volume. Just keep adding to puts slowly over the next week or so and you'll probably do well. Doesn't make sense that the gap would not fill with rates going up and the rest of tech selling off. I feel like the market will come to its senses once the fog clears.
Tr8dingN3rd
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Hi @Evdog9000
Thanks for the comment. I think this a good way to go with the current insane gamma squeezed markets. Yes, I'm with you about the GAP fill. And I expect the P5 will also be reached over time.
Happy profits4you2
MonetaryRebel
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@Forker, Anytime. The environment has totally changed. Bears are out of hibernation and hungry for fresh meat. #don'tFighttheFed right? Lol
Just keep adding to puts slowly over the next week or so and you'll probably do well.
Doesn't make sense that the gap would not fill with rates going up and the rest of tech selling off. I feel like the market will come to its senses once the fog clears.