Historically $UVXY doesn't break above its quarterly open...
Too bad it's the weekend. Now we'll have to wait and see which way this whips!
Black line: The quarterly open acting as resistance. You can see how well that goes:
A covered ITM call makes sense if you're bearish. Collect the premium, cut the short sell and ride the call if you see a bounce. I can't imagine gauging where this will go next, but I sure hope it's down!
Black line: The quarterly open acting as resistance. You can see how well that goes:
A covered ITM call makes sense if you're bearish. Collect the premium, cut the short sell and ride the call if you see a bounce. I can't imagine gauging where this will go next, but I sure hope it's down!
Comment:
Hate to see it lol
Comment:
Ended up with early assignment, exercised long $11.5 to cover $11 because I wasn't sure if it would work out. I waited too long and too short because either letting the premium rise to cover or rolling up would have landed me in profit. Also, overnighting ultra short term volatlity during a global medical crisis....
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)