Protected: Fungee

The bungee jump started with a failure at 65 RTH and then the gap fill at 63 and 60.75 was a high odds trade with 68 as resistance. When 58 was violated, multiple triggers were hit, including 54.75 and 52 tests/ Based on the ranges the past few weeks, we encouraged...

Protected: Chopped Liver

Chop Suey, chopped salad, chop Liver: However you wish to describe today’s non-action, it was nasty inside day range type trading. Zeek reminded us pre-market it was Morning After Trend Day, and that suggested hit a bounce and try for the half gap and gap....

Protected: Breather

The slingshot long finally ended today with a gentle pullback. No one expected it, that’s probably why it quietly retreated. Options expiration killed the put premium, and calls die a quiet death as both volatility and time decayed. Recency Bias suggests a trend...

Protected: Dial 911

Sellers of Option Premium have maade out like a bandit lately. Miniscule ranges proportionate to our level is perplexing to say the least. Stay grounded and remember that volatility will revert to the mean. someday. Who knows when? Overtraders who are looking for...

Protected: No pulse

Throwaway theta day. No one trading this mess. Job applications being submitted by traders for walmart and Sam’s club. We ended the DT4$2 course last week, but have organized the slack room for those who want to continue studying together. Zoom was open for...