Not a good week for the bears or the bulls, I believe we are going to chop for a couple of days as we are directionless.
- The only neutral stock I have found is FXI but I don't trust the Chinese etf yet. So I will cover a US stock.
Options look to be going for calls and I'm taking the contrarian move, I'm opening $20 worth of put at the end of Wednesday before the report.
- However, I will open a position in the direction that the squeeze is firing ๐ฅ.
- IV and HV Are really low, looking to get into a directional play instead of a IV expansion play, as I believe upside is limited.
- Going to purchase some OTM Puts before market closes Monday.
Best of luck
JE
First post, Loging my trades and ideas!!
$AAPL Short Seems like good R/R.
Stops at 167-168 it could try to close the gap at 171.31.
- Targeting the .382 and .50 fib retracement.
@channingtradeum Hello,Channing. I have seen your tweets on my feed and wondered what's the importance of inside bars?? Are you expecting a big move after an inside bar?