RE:RE:RE:RE:RE:RE:$5.51 USD CloseIt's already broken through all your updates..just was at 7.71 US, but I don't know if we can count after hours trading at play...
but still awesome. could be shorts captiulating finally
CommonCentsforDollars wrote: $6 Yolo Calls - Wild range:
High / Low $1.10 / $0.07 From a low of $7 a Call this morning, hitting $110 a Call as a high of the spike.
At 1:06 this afternoon after watching it trade all morning I decided to plug
just my profits from this mornings trade into these $6 Strikes instead of the $5.50's I had been playing. Cost of $9 a Call. Set the Sell order at $47 with the thought that the share price would bump up on $6.50 then retrace some if we were able to get over that $5.96 50 MA. I was thinking maybe tomorrow this would happen.
Well she ripped right through $47 and hit a high of $85 before retracing some then a final spike up to $110 and closing the day at $98. I left a whole bunch of $$'s on the table but not complaining. I can't imagine how the person that sold at $7 a Call earlier this morning is feeling right about now. On Monday these puppies were trading at a mere $4 per Call. Solid week on my end, thanks to God for such beautiful trades this week. Fire, dynamite and gas is paying momo this week. Yolo.
Next on deck is Resistance at $7.38 USD, then the 100 MA @ $7.66 USD
eom
momo
CommonCentsforDollars wrote: In at $28 and back out at $44 on the yolo's. Don't like it stalled here on $5.90 Maybe another test of $5.69 USD this afternoon. Or maybe they just faked me out of the yolo's. Not sure. If they drop er again I will give the yolo's another go.
CommonCentsforDollars wrote: Level of resistance $5.69 USD which I mentioned two days ago became a support which they are flanking it down into right now to rattle some out. Just inhaled a 1/4 position of same $5.50 Calls Expiry tomorrow @ $28 per contract. Get the heart pumpin. Yolo.
Shorties need to cover nearly 70 million shares. I think that has a lot to do with the wild after hours followed by yesterdays blow off top on over 40 million shares trades via Nasdaq. Shortytards need to cover. Sentiment is improving.
eom
momo
CommonCentsforDollars wrote: $5.69 USD is a level of resistance, next resistance is $5.82 USD.
I still feel good about my comments from yesterday, What I am not liking is the Open Interest from yesterday on $5.50 and $6 contracts is increasing. Who da f is selling New Contracts? I don't know.
Better to be safe on the fire, gas and explosives.
Sold 50% of my Weeklies position. Holding the other half.
In at $11 per contract, out at $31 for half my postion.
Thank you God for the blessings.
eom
momo
CommonCentsforDollars wrote: Heavy Volume on the $6 weekly Calls. I could be wrong but IF it is giving the same sort of " tell " as the OTM Call volume did early last week it would mean this pushes above $6 USD by end of week. Also there is an inversed Head & Shoulders on the chart which is bullish as long as we hold $5.15 USD. I took a half position on the $5.50 Weeklies on the dip. May add more tomorrow or just remain at a half position on these yolo's. Not a recommendation, just my observation. Cheers.
CallsforMarch 25, 2022