Bull TRAP
With current valuations going sky high, we're not very far away from a bear market. Brace yourself over the next few months, because if you're playing with fire, you might as well have some water handy. Now before we go down, I do see a run up to the $410-$420 level just to add in some more bulls.
Stimulus, COVID, tech bubble, TSLA rally, SPAC frenzy, Zero interest rates have added more money and equivalent greed to the market. The people who bought into March lows have already made humungous profits. It's quite likely they're now playing with house money, because why not, greed just drives us crazy right.
The trade:
Do yourself a favour, buy the Jan 2022 $280 Put before this all goes down. You've had your fun on the run up, at least stay for the end.
The above option contract can help you hedge your long position, make money in the bear market that is 99.9% to be followed. The charts are there for a reason, history does somehow repeat at least in the markets.
Thank me later! :)
Good luck trading.
Stimulus, COVID, tech bubble, TSLA rally, SPAC frenzy, Zero interest rates have added more money and equivalent greed to the market. The people who bought into March lows have already made humungous profits. It's quite likely they're now playing with house money, because why not, greed just drives us crazy right.
The trade:
Do yourself a favour, buy the Jan 2022 $280 Put before this all goes down. You've had your fun on the run up, at least stay for the end.
The above option contract can help you hedge your long position, make money in the bear market that is 99.9% to be followed. The charts are there for a reason, history does somehow repeat at least in the markets.
Thank me later! :)
Good luck trading.
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