Too early to tell, but it looks a potential HS forming. I just bought some puts expire 08/18 strike 16.5. I'm actually very bullish across the market but I like some shorts to have some balance. Price could also break up and keep going up, but if I see a rejection I'll buy more puts.
Note
Nice rejection. Waiting for a better price to buy more puts.Note
I don't think is coming back:Trade active
Keeping half of my puts in case keeps falling
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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.