A Wonderful Social Butterfly. Streamer, Gamer, A- Doer, Achiever, Making this Acct. For Links and Followers, to catch up on all the news,videos,contest,giveaway
Sometimes you just gotta read the Flow and know how to read between all the noise and have good teachers like @ProfitsTaken @potter__stock 305 puts swing on meta at the high of 306. Making close to 10k this morning.
$TSLA Once In a LIFETIME?
My Plan:
190C>186.72 | 180P<182.85
Powerful Inside Day Close sitting in a Fair Value Gap!
It's TIME for a breakout TSLA has been lagging whole names like $NVDA keep exploding
❤️and I WILL DROP 3 MORE TOP BONUS PICKS!
6/14/24 Options Trading Idea $GOOGL ✅
Quick video with a $GOOGL trading idea for tomorrow.
I lay out the price point for entry, the direction and more.
Tap a ❤️if appreciated Check back in the AM for updates #optionstrading#stocks
FREE #OPTIONS Ideas
Scale out when above 25% Profit
$AAPL 220C>216.24 | 210P<212.12
$MSFT 445C>442.99 | 435P<439.77
$NKE 95C>94.45 | 93P<93.80
$AMD 165C>162.13 | 155P<157.85
I use IBKR to FULLY Automate my ORDERS see:
https://t.co/5bN0oZ6j6I
❤️ to keep em free!
If you're not already extremely comfortable with volume and OI then you need to get comfortable with it.
If RK owns 120,000 contracts as he claims and OI is 170,000 then the MOST anyone else can own is 50,000.
Assume that the ONLY two people in the world who own 20c calls are RK (120,000) and Trader X (50,000). At 3:00 the volume on the contract was 19,000. Let's assume that all volume up to this point is a SINGLE person: Trader Y (19,000). (Far more likely that the 50,000 OI is scattered amongst countless other traders).
Throughout the rest of the session there were ~74,000 contracts traded.
We're going to leave the land of logic for a second now and visit the world of deductive reasoning. Could someone be buying to open or selling to open the 74,000 contracts that were traded from 3:00-4:00? Yes, of course they could.
But we know that there is a trader who owns 120,000 contracts. There might also be a trader who owns 50,000, and yet another who owns 19,000. The existence of large positions (at least one confirmed, the 120,000), in my opinion, lends itself more towards any large volume being related to any of the aforementioned traders.
By 3:00 the 19,000 contracts already traded throughout the day were traded at a near 50/50 bid ask split (small % at the mid).
Throughout the rest of the day the contracts saw 83% volume at the mid/bid (an imperfect science, but what we have to work with). In addition IV went from ~229 when the selling initially starting taking place and dropped to as low as 113 or so. Not what you'd typically see if calls were being bought.
So if calls weren't being bought they were being sold. Going back to the land of reasoning we're going to assume that after the events of Jan 2021 people are unlikely to naked short GME calls.
We're left with the idea that someone who already owned a large amount of contracts is responsible for today's activity, and was likely selling contracts.
74,000 volume after 3:00. 74,000 is enough to fit Trader X's contracts, Trader Y's contracts, and a portion of RK's. Since it's unlikely we're dealing with 3 whales (X, Y, RK) the most reasonable explanation is that RK is selling some of his contracts. Given that volume was 'only' 93,000 he obviously could not have cleared out his entire position.
If we do see a decrease in OI tomorrow the raw value is not necessarily equal to the number of contracts he closed, given the way OI works and how contracts can be passed off to another trader instead of actually closed out.
If we see an increase in OI everything above is kaput.
OI changes are live (updates every premarket at ~645 AM EST):
Top 25 changes in OI:
-No Index/ETF/ADR
-Minimum $250k
-Max 25% multileg
Image 1: > .70% ask-side
Image 2: > .70% bid-side
https://t.co/WTw3YbRXME
🧨 Quick @unusual_whales Tips on finding your own Flow YOLO
Our friends from PiP Boy stopped by The YEET to give you some basic filters that have helped catch flow multi-baggers on:
$NVDA $GME $MSTR $COIN $OKTA $CLSR $AI $QCOM $EW
and more this last month!
FREE #OPTIONS Ideas
Scale out when above 25% Profit
$MU 128C>127.62 | 125P<125.66
$GOOGL 175C>173.65 | 170P<172.09
$META 480C>478.32 | 470P<473.80
$BAC 41C>40.07 | 39P<39.49
I use IBKR to FULLY Automate my ORDERS see:
https://t.co/5bN0oZ6j6I
Drop a 👍 keep em free I ❤️ u
FREE #OPTIONS Ideas
Scale out when above 25% Profit
$AMZN 180C>178.42 | 175P<176.20
$MSFT 420C>415.68 | 405P<409.67
$DKNG 36C>35.59 | 34P<34.68
$UBER 65C>64.76 | 63P<63.14
I use IBKR to FULLY Automate my ORDERS see:
https://t.co/5bN0oZ6j6I
Drop a 👍 keep em free
If you want to understand Roaring Kitty's $GME, GamSstop, options calls and how they were tracked using Unusual Whales, and HOW to determine if he takes profit, we made a Youtube video about it.
Learn in less than six minutes.
Link: https://t.co/7HRWQyxPXG
🔥Identify HIGHER Win Rate FVG using Displacement
As promised, I will pay it forward with LIFETIME DISCORD
Up over $3k using this SIMPLE tool less than 5 mins!
Comment FIBKING and CLICK on my 2 KEY GUIDES Below!