S2 4958.50 for a long R1 5019.75 for a short If there is any momentum either way , the edges can be faded.
$RTY holding some pre post Election levels. Hopefully that Fat bastdid shows up and we get a rally ..
Retrace back to 1900 appears in the works , would complete a pretty clear H&S on the 1 hour
The Grub Hub Merger / Acquisition , whatever it is , will be good long term, but short-term dont see it helping for 6-8 month at min. Rather be short the name then long here . sell call spreads over 36 past June expiration ...
Playing this one a bit to the neutral side . Looking to SELL CALLs over 38 SELL PUTS under 32 I’m bullish on the miners, but expect a pullback and selling strangles will give me some wiggle room for a pullback . Most likely land in July to grab more premium .
Holding a short into Monday . Short the Stock & 3 CALL Spreads . Though I completely understand this can continue higher, to me the risk reward shorting up here is well worth it . Selling a July 50 Call for $5.30 seems less risky than buying the stock at $48.
When you try selling puts into weakness and there is no weakness ..
Needs to be serious action unleashed in this entire space. Nothing but a Dewey Whackem, & Howe sector ...