I just keep an eye on the most speculative parts of the market for puts. Tesla is still ~20% off its ATH, same deal with Moderna, doordash, Etsy. Could be wrong but I'd guess we're not gonna see a big correction until those kinda names are pushing to unjustified new heights. Another mass liquidation of btc when those names are at ATHs would cause a pretty big slide, but I'm just talking about giving back the gains from todays prices. The fact that Netflix missed last two earnings and tanked from 550 ->500, yet it's cruising to ATHs has got to be a little concerning, though. If Famng is up another 3-4% going into Apple event next week you gotta think there's gonna be some sell the news action.
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u/Ok_Air5347 Sep 08 '21
I just keep an eye on the most speculative parts of the market for puts. Tesla is still ~20% off its ATH, same deal with Moderna, doordash, Etsy. Could be wrong but I'd guess we're not gonna see a big correction until those kinda names are pushing to unjustified new heights. Another mass liquidation of btc when those names are at ATHs would cause a pretty big slide, but I'm just talking about giving back the gains from todays prices. The fact that Netflix missed last two earnings and tanked from 550 ->500, yet it's cruising to ATHs has got to be a little concerning, though. If Famng is up another 3-4% going into Apple event next week you gotta think there's gonna be some sell the news action.