@_ItsKess_@TradrNate Thank you both for taking the time to comment. I find it important for us traders who share ideas to get feed back. It doesn't matter if there is a similar view or disagreement, open dialogue and sharing of thoughts to help others is the most important thing we can do!
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They need to re-write some of these option contracts on certain names. Some are just way to expensive for the underlying IMO.
Of course IV is up today, but there are just some names that don’t need to be that expensive tbh.
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Bounced off the [363.00] level making a nice possible double bottom. That MACD never really got into the same extremes as last time we were here but that positive divergence can be a great sign for the rally to come. Need to clear [370.50] to see that infamous [380.00] spot.
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