I`m thinking of writing some GDX puts; somewhere in the December 40$ to 42$ range. Here`s a 5 month chart that I eyeballed for support levels to come up with the put price range. Any info appreciated.
VIXIES Update:
So other VIXIES also crawled into Bulls camp after a long reluctance triggering a long trade. Personally I am suspicious of this signal, so I will stay on the side line for now.
Attachments
vix trigger.png (8.51 KiB) Viewed 3192 times
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
one hour to go, there should be time to buy intraday dip before closing for the week. internals suggest we saw high of day, if so weekly bearish negative divergence will be confirmed today. keep it simple it is what it is.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
BullBear52x wrote: internals suggest we saw high of day, if so weekly bearish negative divergence will be confirmed today. keep it simple it is what it is.
BullBear52x wrote: internals suggest we saw high of day, if so weekly bearish negative divergence will be confirmed today. keep it simple it is what it is.
Nice, I see 141.29 SPY as good support, line in the sand.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
BullBear52x wrote: internals suggest we saw high of day, if so weekly bearish negative divergence will be confirmed today. keep it simple it is what it is.
Nice, I see 141.29 SPY as good support, line in the sand.
Aroon (weekly) just flashed a buy. Also, 10 week just crossed the 20 week; weekly momentum just getting started.