Spy Makes Up For Lost Time
SPY is playing with everyones emotions and moving so wildly it is insane. Almost a 30+ point rally from yesterdays lows… We had a nice gap up and held the 428 watchlist level for a chance to get long…. And it just grinded higher all day it is apparently making up for all the time spent at the lows. SPY 430C went from 1.4 to 7.5 at the highs!
SQ Excellent Range
SQ did something unusual we have not seen in some time. It had a positive earnings catalyst and it sent the stock up in afterhours… We caught some profit taking in the morning only to get long vs the 108 watchlist level. 110C went from 3 to a high of 7 at our profit target. Great work.
Coin Morning Plunge
COIN saw a wicked flush at the open after some earnings volatility from the previous day. Once our level broke we were able to hop in short with the 175P for 2.5 bucks.. They went to 6.5 before bouncing off the 170 support level.
Etsy Fast Flush
ETSY offered a low risk short opening right under our 148.5 watchlist level and it was straight sell mode. It dropped about 15 points and found support on a triple bottom. 140P was going for between 2 and 3 bucks and made a high of 9 at the lows.
Member Trade of the Day
Member karmaedge had great progress with 22% account growth on SPY calls!