Stochastic Oscillator gives warning, exit puts, switch to calls
I closed my puts because I will lose value with IV decline and theta decay if stock bounces up before going lower. See notes on chart.
Bought 800 calls and IV quickly increased and raised options prices as well. Looking for stock to go up to 20sma on 30min chart, around 790, but also setting exit to keep profits if stock drops.
Bought 800 calls and IV quickly increased and raised options prices as well. Looking for stock to go up to 20sma on 30min chart, around 790, but also setting exit to keep profits if stock drops.
Note
Bought calls at 6.17 and sold at 12. Trade completed in less than half hour. Sometimes you have to decide to take profits, especially when volatility helps your position.Watch 30min chart. When 20sma comes down below cloud this might coincide with more downside. Also RSI is testing 50 so watch for it to fail.
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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.