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Momo Market Roundup, 3/28/2022 — $SPY Whipsaw Action… $TSLA Split News… $SHOP Pop And Drop… $COIN Bitcoin Rally 

 March 28, 2022

By  spectre_trades

$SPY Whipsaw Action

SPY had a really choppy session today… moving this way and that way. You had to stay diligent and position near levels.. It definitely kept you on your toes today. SPY puts during the morning push near our 454 level paid pretty decent however! 452P from .7 to a high of 2.3!

$TSLA Split News

TSLA gapped up huge from the Friday close after news of a special dividend or split… and then buyers stepped in during the day pushing it almost up to 1100! 1080C moved quickly from 25 to 41 all before lunch!

$SHOP Pop And Drop

SHOP quickly moved higher in the morning with the rest of the market but it couldnt hold over our 705 level and gave it back during the course of the day. SHOP 700P from 26 to 40.

$COIN Bitcoin Rally

COIN had a nice gap up. Basically anything else bitcoin related did the same. COIN can provide nice range so it jumped onto our list so we could hawk for opportunities.  COIN double topped in the morning action and gave us a nice little move but alas it had no follow through and could not break our 196 level. 200P moved from 6.5 to 8.. Not our usual results but still a clean move.

Two Hour Trader Member Results

Great work after dealing with the morning chop!

spectre_trades


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

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