Bought 70 strike March expiry WMT calls at 0.91 a piece, it gained huge yesterday while market was tanking and tanked today. Cup and handle bullish formation on 5 min chart and bouncing off of 70 support.
Be careful with WFT short. After that huge gap down ($96 to $85 a week back), it is making a rounding bottom. I think it is way too risk for a short, even a small bounce can cause big loss.
Can you mention the tickers? I am looking for some plays to short. thanks
Originally Posted by Crankndapot
Fridays volume usually is. Im not trusting the bounce either.
Went short earlier with a couple weak...
SPY looks strong here at 151, looks like we may see an up move for rest of the day.
Rounding bottom on 5 min chart, it is refusing to fill the gap fully and just gave a little tail.
also, the drop is on declining...
Bought 30 VZ calls at 1.16 a piece March expiry 44 strike calls. Seems to have bottomed here for the day, may move back up.
SPY looks strong here at 151, looks like we may see an up move for rest of the day
I looked at it but dont have any opinion on it.
The chart looks ugly with too many gaps
Originally Posted by Allegiance
Question for some pros here, I bought SAN 9$ Calls a month back for .20. ...
I think its better to focus on a couple of stocks and be right. Put money into the ones that you have most confidence.
Here is my pick of the day
Bought 50 KO calls at 0.55, 37.5 strike, this should give at least...