The Resistance Level is at $40 now. The Market Maker want to park the price right close to it so that when expiration comes the option will be slightly OTM (Out of the money) or barely ITM (In the money). So, no one will exercise them. At Support Level of $31
Read MoreInflation is here to stay. In Canada we are 1-2 months behind the US. I am just focusing on the US because it is a 10 fold bigger economy and all my trades are done in the US. So. I put a few charts together from recent data and put
Read MoreWhile afternoon trading often goes slowly and then against the morning move to take some profits we might see it the other way around with AMC. There was still a lot of buyers for CALL Options but the Bears seem to be in power now. The Apes are turning on
Read MoreAfter ‘Black Widow’ fails to lift AMC stock, retail traders are trying to become their own ‘Avengers’ black-widow-fails-to-lift-amc As pointed out last night, AMC might struggle to breach the 35 level. At 08:39 MDT AMC lost another 11%. It breached the 50% Fibonacci. Trading volume already reached 30% AMC has
Read MoreI am still in this trade and my PUT has 9 more days to go. I should have bought a longer expiration cycle. Today it dropped below $39 and my strike is 50. So, I am ITM. Due to the fact that I bought this PUT when the volatility was
Read MoreOk, here we have it. In 2001 we had the DOT.com crises where the SPX fell by 800 points, or 51%. The decline was steady and lasted 2 years until it started to recover. The RSI came out from “Over Bought” territory, developed a Divergence and the MA5 confirmed with
Read MoreThis flag stands for freedom and sacrifice of early America to free itself from British colonialism. The foundation of a new system. No Taxation without Representation. The Betsy Ross Flag, 1776 was the flag of the 13 free colonies. The foundation of the Republican Party was a result of this.
Read MoreSo, last week the shares didnt get dumped into the market. I am still waiting. What has changed? We can see that the option volume collapsed over the past 10 trading day, equals two calendar weeks. The expectations are shifting to the PUT options. The Market Makers, MM, keeping the price
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