perfect bearish shark

I hate gambling on earnings (in 2 days) but with how much the algos have respected the pattern's PRZ in the past month and money flowing out there's something going on here... Gonna roll w/ Apr 110 puts (pretty cheap) here and see what happens.

Note

Did I mention this is sitting at the top of its current long term channel?

Note

Thinking of a lower risk way to play this one. A fall on earnings puts it in the PRZ of a smaller bullish shark with good chance for a 50% retrace DCB. I'd buy the DCB, then close longs on the 50% retrace of the smaller shark, and start shorts there.

Note

Missed as expected. Decided to go w march 15 120s instead of the OTM. Will TP around 110 and possibly scalp the DCB then reshort again near 114-115 if it gets there.

Note

Gap filled, profits taken, scalps bought. Looking for retrace back to 115 in 2 weeks

Note

Dumped 2/3 of scalps today near close, didn't wanna get too greedy on weekly calls. So far this thing's right on track tho market might take a dump next week...

Note

Took remaining profits today at 114... will short at 115+.

Note

Wish I kept all my weeklies from 110-111 but oh well. Started some shorts here at 115, let's see if it spits it back out.

Note

Entered last batch of puts at the .618 retrace. If it goes any higher here I'll just take a loss on the puts and go long because it will almost certainly gap fill at 120.

chinawildman

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.

chinawildman