Historically $UVXY doesn't break above its quarterly open...
Too bad it's the weekend. Now we'll have to wait and see which way this whips!
Black line: The quarterly open acting as resistance. You can see how well that goes:
A covered ITM call makes sense if you're bearish. Collect the premium, cut the short sell and ride the call if you see a bounce. I can't imagine gauging where this will go next, but I sure hope it's down!
Black line: The quarterly open acting as resistance. You can see how well that goes:
A covered ITM call makes sense if you're bearish. Collect the premium, cut the short sell and ride the call if you see a bounce. I can't imagine gauging where this will go next, but I sure hope it's down!
Note
Hate to see it lolNote
Ended up with early assignment, exercised long $11.5 to cover $11 because I wasn't sure if it would work out. I waited too long and too short because either letting the premium rise to cover or rolling up would have landed me in profit. Also, overnighting ultra short term volatlity during a global medical crisis....
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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.