Anytime soon. Here is the pic from before. One could have possibly argued a long trade off of 725 and/or the out wall. 725 was the out wall at one point. @Gammamap https://t.co/pR63cMhdsi
One spread I took today. Let it expire worthless. I like selling spreads in the opposite direction of a news driven move like today because the volatility stays elevated for minutes after the move. Once the positive gamma flooded the area, it was clear that the gap would not fill
Complete pivot to 0dte, from day trading small caps. Shoutout to DealerMap, discord link in bio. Dm me for 50% off your first month!
Today’s trade: gamma pinned in spy, trend up = sell put. Normally, I would hold these until close, however,
758 began to decrease and 757 began To increase, signifying retail selling options at 757 and price being magnetized lower as a result. 0.40 gain per contract on the trade. Trades like this are available every day.
@kycefn Movement allowed over and under a calc. A drastic increase in hyper scalpers seems to contribute to a lot of volume in small caps. 500 shares x500 trades = 250k traded times number of traders and you quickly get to the majority of trades volume. Is tape in your tool belt?
@kycefn Learned something new about small caps today, appreciate it. We read tape on everything, and on small caps have seen a shift since 22. Lack of volume and algos operating stocks rather than humans. Leads to sharper moves, tighter consos, less pullbacks. Exact calcs hit vs
covered half above 5 bc super psych and didnt hit multiple times.
held last half too long, planned on swinging found out you cant swing so got out. executed on trade the pool evaluation account so not a real trade
$ONCO cheap stock gap up 15 mins of fame, didnt see pm but was conso. in open, didnt get adamant ap and didnt hit 6.5. went short. after a failed attempt at 6.5 again not hitting, shorted again. SL was always above 6.5. PT overall was 5 then where it started around 4.75.
@chris_sunk have you ever had issues with DAS trader giving you short shares? currently use tradestation, most cheap stock 15 mins of fame types are hard borrow without shares. same w GME, AMC, etc.
$SERV review. 4.5 ask in pm, at open 4-5pp 20c inc.
4.4 ask II I pb to 4.1 PT 4.8
4.4 ask I
4.2 ask III pb 4
4.4 ask I I I build more then to PT 5
entry <4.2 in 4.14 SL 3.99
4.3 I 4.15 I SL now 4.07
first went down to get stops out, then stopped out at 4.07.