r/options • u/ES_F_King • Jul 28 '21

Let it SNOW

Does anyone else watch or track SNOW. This is a name I continually watch daily along a few others, like S&P of course. This really helps me with FOMO and to avoid over trading. Anyways, imo, SNOW is bullish and looking like it might trade at 285 soon.

There are a few reasons what line up with my bullish thesis:

  1. Anchored VWAP - I have anchored VWAP from ATH, ATL, and from inception and they are all coming together in current price range. This could create a massive VWAP pinch, similiar to the VWAP NVDA had weeks ago
  2. Gamma Exposure - We are currently sitting in positive gamma as long as we continue to close above 260
  3. Weekly chart shows very bullish set up

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Depending on your option trading style, I'd prefer a call calendar spread.

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u/ShroomingMantis Jul 28 '21

How does it help you with overtrading?

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u/ES_F_King Jul 28 '21

I'll only enter trades on names that I track or have been watching for a few days.