Hope that $50 jolt out of the blue in minutes helped a few people, an example of what could happen in the next few weeks?
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Earnings should be good and max pain last I checked was $1,050 for this Friday. Both of these should work in your favor. If we are green Tuesday and Wednesday I'd probably err on the side of caution and reduce exposure by halfThe big question for me is what to do Wednesday afternoon. I'm assuming we won't be above my 1050 short leg (850/1050 BPS). The risk is what happens Thursday/Friday. If we are at 1,000 on Wednesday, I could just roll to December for a credit and be done for the year. Of course, if we jump to 1100 by Friday I will be really mad I left money on the table. On the other hand if we have a post earnings sell-off to 850 and I didn't roll then I will be furious with myself for being greedy. Help!!!
P.S. - Probably have to go with the old rule that if you don't know what to do, do half of them....
We'll see, but with the options volume today I expect max-pain will drop significantly when we get updated numbers tomorrow:Earnings should be good and max pain last I checked was $1,050 for this Friday. Both of these should work in your favor.
me alsoHad to get away when Tesla was around 865, so went skiing in the backcountry where there is no service. Did I miss anything?
Can’t really tell you, my brokerage platform went offline to avoid margin calling me. They knew I wasn’t ready to see 7 number portfolio drops yet. I will send them a thank you letter when the stock recovered to $1200Had to get away when Tesla was around 865, so went skiing in the backcountry where there is no service. Did I miss anything?
With higher put buying today shouldn't max pain increase?We'll see, but with the options volume today I expect max-pain will drop significantly when we get updated numbers tomorrow:
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Yeah, just eye-balling it the sweet spot seems to be 880/890, and we know they don't mind having Puts assigned so they might not defend lower.We'll see, but with the options volume today I expect max-pain will drop significantly when we get updated numbers tomorrow:
View attachment 759748
No, there was way more call volume at/above 900 than put volume.With higher put buying today shouldn't max pain increase?