Articles to Read

Day 45 June expiration

Some notes:

  • 200/50 down trend.
  • 20/5 moving average down.
  • chart. Sort of flagging after a down trend. usually means it will continue down. 62-68 percent of the time.
  • Support 1850, then 1800. If it drops past 1830 (mini support), might consider getting out of last months VPUT.
  • Resistance. 1900 and 1950.
  • Side ways candle sticks. Up and down, kind of between support and resistance levels.
  • Overnight market were mixed. Europe and asia up and down. looks like a slow day. and choppy.
  • testing VPUT at 1400/1350 (50 spread) so need at least 1.50. (30 cents times, 5X 10).
  • Testing Calls at 21802190, 2200/2210.

Update 9:50 am. VCall at 2200/2210 for 30 cents (10 dollar spread). VPut 1400/1350 for 1.50. (50 dollar spread).

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