Things I look for when opening an options trade (rev 2)
1. Was the transaction at the ask or bid?
2. Did IV increase or decrease?
3. Did the premium increase or decrease
4. Is the current options volume > 30 day average volume?
5. Is the price at support or resistance?
$BUG Cybersecurity ETF with another new all time high today. Cybersecurity will continue to be a hot theme for the foreseeable future.
Top holdings include $OKTA $CRWD $PANW $FTNT $ZS
More $JETS flow
We saw DAL and UAL yesterday
FOMC meeting today, oil at all time high. Either oil is about to drop and someone knows something or they are selling these calls to open (bearish position)
$DAL and $UAL bullish call debit spreads , call volume for United today is 4.9x 30 day average options volume, price is sitting at the 200 day EMA on the daily. Same for delta except call volume is under the 30 day average. Seeing confluence with $JETS too