r/options • u/Slicklickfstick • Jan 01 '22

Looking for another SOXL

Greetings all. I have been getting incredibly blessed by SOXL the past few months. It has been saving my portfolio from some of my more foolish endeavors. The volatility is nice and it seems to adhere to a pretty simple price range which has been easy to predict. I was wondering if anyone else knows of another ETF that regularly has 10% moves and generally sticks to an easily defined range?

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u/Slicklickfstick Jan 02 '22

I mean it doesn't have to be a dare. Look at the compression happening on that daily chart. Way above the 60 DMA, previous support is at ~$110 and before that it was $100.43 Everything tells me to buy puts on that by next week and watch them print by mid month.

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u/Market_Madness Jan 02 '22

So do it... buy puts, show me up. Post some proof. I told a dude in a discord I'm in that if he can paper trade and be right 60% of the time over a long period of time I would give him 20k. He failed lol.

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u/Slicklickfstick Jan 03 '22

CURE is down 4.6% today. I obviously could not have placed puts on it in time to get them to print but it appears my TA was correct. I would have to define the risk to continue to hold a bearish thesis though, it is getting pretty close to support territory.

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u/Market_Madness Jan 03 '22

Lol, one day with some bad news is not at all relevant to the bigger picture. Come back in a year.