anyone ever see the collapse of a pyramid scheme? if not, look no further. I am short BTC via BITO puts this 30k range is btc last support before the swift fall to 12k and then 5k i expect this to happen <3 months
i think it bounces off weekly resistance at these levels of 85-90
ITP long b/c wedge and looks manipulated from previous spikes
Good volume accumulation, wedge has been formed, should moon
targets $30, if that breaks, then $50. holding March 2021 $45 calls, scaling in on more calls on any red VIX days for all of december
Granted...all if the market doesnt collapse again as SPY is the on the struggle bus...but i have faith
its oversold conditions and its 0.7 put/call ratio on open interests is the only bullish XL etf in the sector
Short interest of 17% can push this out of the wedge formed. Pharma stocks will make a comeback closer we get to vaccine hypes again once the tech bubble pops
SPCE is bound for orbit, test flight will catalyst this thing propelled by the short float % which is 25-60% im seeing varying per site...but regardless even at the lostest 25% short float...thats enough to squeeze to the moon. It was about to rocket off up until last Thurs/Friday slowed it down a bit due to the gravity flux capacitor of the weak hands grounding...
If this trend continues into tomorrow and breaks the $96 wall. I think it has a chance of seeing $110 within 2 weeks.
I think the time of us being able to make money from buying calls on mostly anything is gone for the time being. SPY is due for more pain than gain. Sure it'll rise 3-4% EOD trading...but each week will be a leg down. Holding SPY poots out till May 2020. I wonder how March 20 will go >.>
Judge for yourself. just my thoughts and search for the tendies
I am holding $AMC calls post ER, days to cover on the short interest is 8 days and the float is sitting @ 55%. if it squeezes....this baby is going to like $12/share. Goodluck on whatever you choose.