Small put options position here; eyeing 3:1 calls to puts if it can breakout of this latest flag. Looks bulled up, but who knows what tomorrow brings. Not sure if I want to hold paper through the weekend. Monday could be a bloodbath
call it what you will fundamentally: leaving for other meme chases, going back to crytpo, etc. demand for shares decreasing, but TA showed that demand decreased & red-flagged well before it took a dump. Lower RSIs & higher highs, but those apes keep cheerleading and call for $200. Ya ok bro 😎
breaks out past $189 tends to go parabolic. Unclear if it'll trade like that again, but we are approaching a FOMO zone and everyone has a window into what* happened. Behavioral instincts likely to rule the day again
Bought shares & calls on this immediately after the explosions in Afghanistan. 3 hrs later Ida was upgraded in the Gulf. And that's just tip of the iceberg with what crude prices face currently. Holding this position through the weekend. Was temped to roll into SPY puts, but OIL the better setup right now...
I think the ^SPX & ^VIX will trade higher in lockstep on the back of headline risk & trillion dollar fund flows. Not sure what falls first, the SPY is bulletproof, shorting that is a poor man's game. But there's some opportunities in trading vol. So I'm net bullish here until we see a proper ^SPX correction