Recently had a big move and looks like it could be forming a short head-and-shoulders pattern -- ahead of earnings. With the head peak aroud 320 and the neck around 300, this gives a projection to around 280. This is also close to a 50% retracement of the big move it made over the past couple weeks so that doubly seems like a good target. bjorn2z i am only playing with small put positions for *tomorrow* expiration - 302.5, 297.5, 290's. I'll revisit near hte end of the day to see if this is working and if so, look at some in the money decembers. 330s even look a bit pricey.
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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.