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X moving retty sharply lower. Time for calls?
10/06 Thread (BC):
Sound the alarm 📣🚨 - time for calls on X baby
@BC what do you think about SHOP puts?
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Easier, but not by much. Stock actually moves in directions you want it to & think it will move to.
Take today - SPY jumps by $9 largely on good jobs report. In a normal market, I wouldve expected SPY to end around 315-316. However, it ended at 319, almost where it began for the day.
Same deal if you followed the snap trade. It probably shouldn't be trading at 20, but it is. And you would think it drops but it may hit 25.
The issue is there are a lot more buyers than sellers, and when stocks typically would have dropped they get pushed to new highs
Been trading for a month - gain 5% hahaha was once up 45%