Noticed some large puts being bought for $50 and that is a long term support. Price looks over extended and earnings if they are bad could drop this down hard.
Note
Filled at 1.05 for $50 strike.Note
Puts already in profitNote
Puts bled a bit, but now back in profit.
HTF divergence playing out as SPY craps the bed.
Note
Trade complete. MNST dumped. Wish I had bought ITM puts instead looking back. Cleared a little over 40%.Note
OI on the puts I bought dried up fast from 40k to 2k so I made the right call getting out.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.