You guys know I play with this almost every week, lol.
Though ES and RTY went oversold today, NQ, FDAX, and HSI haven't gotten there yet, so possibility of one more gap down before a reversal. This pattern looks eerily similar to the initial COVID tank.
If the market finishes near the bottom today, I'll probably take a double or nothing one day bet with puts at EOD for $3 or 4k.
Usually I would play the bounce on a selloff like this but something tells me there might be follow through.
Though ES and RTY went oversold today, NQ, FDAX, and HSI haven't gotten there yet, so possibility of one more gap down before a reversal. This pattern looks eerily similar to the initial COVID tank.
If the market finishes near the bottom today, I'll probably take a double or nothing one day bet with puts at EOD for $3 or 4k.
Usually I would play the bounce on a selloff like this but something tells me there might be follow through.
Trade active
In for $3k of weekly puts for kicks and giggles.Note
My plan is to flip the puts on open tomorrow win or lose, have other things I need to do.Trade closed manually
Flipped the puts on open as planned for a little profit.Note
BTW, this is why I love to trade GM instead of SPY.Spy went down 0.3%, GM went down 2.5%. Gotta love it if you're playing overnight gap prediction.
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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.