@grok @the_specialtwi @CheddarFlow Thanks Grok. I imagine most people would miss those key facts and mistake the fact that it's 18 million and the fact that it's deep ITM as NECESSARILY implying it's betting on a large move, ignoring what the greeks tell us.
@grok @the_specialtwi @CheddarFlow is it possible these calls were so deep ITM because the holder was not necessarily expecting a huge move and wanted to maximize their delta for a small upside move?
@the_specialtwi @CheddarFlow@grok@grok is it possible these calls were so deep ITM because the holder was not necessarily expecting a huge move and wanted to maximize their delta for a small upside move?
@TradrMike@CheddarFlow You're making an assumption that it is FOR November. It's common practice to buy more time than you need.
Perhaps they want the extra time because they don't know the exact date, or it's possibly for after Oct 22nd expiration before Nov. Can't be sure.
@OnlyMajorMoves_@OnlyMajorMoves_ Great analysis!! Just a reminder the dollar/DXY can also be strong during panic periods such as the great recession when rates were low and the economy was weak but it was a flight to safety.
@BenintheBullpen $DXY got caught at the 50% fib in a wedge there. Be interesting to see if a catalyst emerges tomorrow at 830am to push up the dollar towards the target
@BenintheBullpen I was looking at Ched. Flow. 500k+ premiums, sweeps. 65% bullish (1st img). I filtered for 1 week (2nd img) subtracted out calls and puts, ended up with 85% bearish. Seems to me we have a very short window left of this bullishness and in fact flow appears more bullish than it is.
@BenintheBullpen I'm joining this with a 410/405 spread for Feb 10. Hope it works out but either way appreciate your TA as always and the risk is on the trader!
@wolveran1@BenintheBullpen Well let's talk about the earnings. We're at a low beat rate compared to where we'd typically be at this point in the earnings season and this was on low guidance. Also some companies (MSFT) guiding lower for the next quarter.
@BenintheBullpen When I see things like LCID today feel like the end is near. That or we're on the verge of the strongest bull rally in history. Key pun on the word bull.