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Maybe you know the decay problem is purely a math and you didn't mean the lower high as bears are weak. I just wanted to clarify this in case others don't know. So forgive me if you're offended.Al_Dente wrote:UPDATED AS OF FRIDAY'S CLOSE: Traders have been shorting the fangs since 9/3
but they needed a fresh high on FNGD and they didn't get it.
DIVERGENCE:
Middle Panel: QQQ is also down (dashed gray behind FNGU price),
but Bottom Panel: The 1/VXN options traders believe that a QQQ bounce is coming.
60min
Thanks Boss. No problem.Cobra wrote:Maybe you know the decay problem is purely a math and you didn't mean the lower high as bears are weak. I just wanted to clarify this in case others don't know. So forgive me if you're offended....
I didn't know FNGU and FNGD before so thank you.Al_Dente wrote:Thanks Boss. No problem.Cobra wrote:Maybe you know the decay problem is purely a math and you didn't mean the lower high as bears are weak. I just wanted to clarify this in case others don't know. So forgive me if you're offended....
I'm also using $NYFANG and $ONE:$NYFANG which is the Index and the inverted Index.
No decay there.
Yes.Cobra wrote:..... However, FNGU and FNGD are ETN so they're not as safe as ETF. That's too bad.
Maybe they're good for short term play, say, if they go extreme again like Sep 2, then a short would be very attractive.Al_Dente wrote:Yes.Cobra wrote:..... However, FNGU and FNGD are ETN so they're not as safe as ETF. That's too bad.
Thanks again boss
https://stockcharts.com/public/1684859