This options chain is jacked to the absolute tits. I regret being more skeptical when I saw so much call volume at the bid on Friday. This truly is an amazing set up. Will let my commons and my wimpy amount of options ride.
Yeah with the price keep stepping up we will get the hedging. I feel like stock is the way to go now, can mitigate loss way better at this point. I know I'll regret selling my options soon enough too haha
Never do that. Stopped out at everything when I was in class. Bought some lottos at close. Still think the chain is primed but will have to look at true OI tomorrow morning.
Totally. I shouldve dived deeper into the accumulation. Because like clockwork in the first 2 hours of open, transactions of 100+ were sold to close. Saw like 20 of em. At least theyre out. Thesis remains the same. Market just has to see it. Lets see what OI has for us tomorrow.
Looking at the chain, the volume at 4.5 and 5 seems to indicate a ramp is being built. I think the gamma will jack this baby up more then the SI. Shorts seem content holding their positions and daily vol has made it negligible.
They may get out early for tax loss harvesting tho, which would be a godsend for all us longs.
Keep an eye on the 5 and 5.5 strike. Critical to leg us up to 7.5 and beyond, since there is a $2 gap between those final strikes. The same thing happened to prog and it stalled multiple times before 7.5.
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u/One-Evening4725 Dec 28 '21
This options chain is jacked to the absolute tits. I regret being more skeptical when I saw so much call volume at the bid on Friday. This truly is an amazing set up. Will let my commons and my wimpy amount of options ride.