Ark is strongly respecting these lines looking to see if it wants to break down or consolidate further.
Waiting to see what prices will be for Sept. 24 after weekend theta crush. As long as the consolidation hasn't broken and the breakeven prices are reasonable, we will enter
Will be interesting, LCID has a history of filling the gap, something we could see happening, but is also forming a bullish consolidation. If it doesn't break out/down before theta is priced in from this weekend, it could be a great spread.
Waiting to see which colour line it respects the most before entering a play (to determine expiry).
Strike price: $149 Call Entry @ $3.12 Put Entry @ $3.43 Expiring October 1st This is not financial advicr, just a description of the plays we are in!
This chart and play was entered during that circle, however we did not publish it in time.
Considering Entering Here! Green Lines are Breakeven stock prices on expiry.