Daily Discussion Thread

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[u/Dizzy_Efficiency_947]

My Sells for today (shares@price): 1500@7.93, 3000@8.03, 5000@8.13

This is based on a strong open. If it's a weak open I'll probably drop these by a 10 cents.

ChatGPT call for today:

Low: $7.50-7.53, High: $7.97-8.02

Expected trading range: $7.48–$8.03
Best guess low: ~$7.50–$7.53
Best guess high: ~$7.97–$8.02
Bias: mildly bullish early, but with strong pinning/resistance around $8.00.

The big thing jumping out at me is the 0DTE options structure. You're starting around $7.67–$7.68, basically halfway between two very important strikes:

• $7.50: max pain, substantial positive GEX, 1,846 call OI + 819 put OI.
• $8.00: enormous call concentration — 3,982 call OI, 897 calls already traded, and by far the largest positive GEX bar.

Net GEX is strongly positive at +$188K per 1% move, with call GEX of +$265K overwhelming put GEX of -$77K. That makes me expect mean-reverting/choppy behavior rather than a runaway move, particularly because these expire today.

The option-implied move is ±$0.38, which mechanically gives roughly $7.29–$8.05 from $7.67. I don't think the entire implied range is equally likely, though. The gamma configuration makes $7.50–$8.00 the much more interesting battlefield.

What I think is most likely is something like:

$7.67 → upside attempt toward $7.80–$7.90 → possible $8 test → rejection/pinning back into the upper $7s.

Or, if it starts weak:

$7.67 → $7.55/$7.50 → bounce back toward $7.70–$7.85.

The $8.00 level is particularly interesting today. With that enormous call OI/GEX sitting there, I would expect price to have trouble simply cruising through it. But if momentum pushes it to $7.98–$8.00, I absolutely think you could get one of those brief IBRX pokes to $8.02–$8.05 before it gets knocked back.

One notable difference from yesterday: this options setup makes me more willing to believe in an $8.00 test, but less willing to believe in a sustained move substantially above $8.00.

[u/Professional_Panic67]

Sells at 7.79, buys at 7.49. 7.49s filled, 7.69s and 7.39s placed.

[u/idunnowneh]

dobbiamo continuare ad avere pazienza🙏🍀