So what exactly are you waiting for.. 80?? Btw... it broke 77 if you look closely at the chart.
The best time to buy a stock is when it's down.... not when it's up.
It's just about knowing where the bottom of the drop is. Understanding how to read a chart will help.
Nobody knows. If I know... I would be a Billionaire by now. I don't plan to hold my position that long. Maybe exit sometime this week or if this starts to go south. My target is 82.
This already picked up some steam. If this closes green... we might not see 72 this week.
Looks like a JACKPOT in progress!!! 💰💰💰
Looks like it's picking back up. What expiration did you get?
Yes.... and Wed FOMC Minutes.
I would wait... there's not much volume. I think buyers are waiting around 72 area. If it gets a good bounce around 72... that's a good sign.
I wasn't able too. It was too volatile this morning... so I don't have time to post. Trades comes and go too fast.
You already bought calls??? you need to wait for a good bounce. Buyers are probably still waiting for 72... which is the monthly support level.
Right on the money. 💰
Some TA education for you. You can see that dashed line I drew on the chart was a support. Price also fell outside of the bollinger band. That means price will most likely go back inside during volatile trading day. Once I saw price started to bounce... I got in. That's how you time entry.
It's going to be volatile heading to FOMC. Market will be up and down today. Just gotta time your entry and get out quick.
I'm a bit aggressive w/c is not recommended for everyone. If I see a good bounce today... I might get some 7/12 80c and ride it for few days.
it's a custom indicator i'm working on.
Damn... I just realized NKE chart told me to buy PUTS last Tuesday... before the major drop. I would have made a million on that drop. 😂😂
It could go there but who knows??? I would wait how traders react on that monthly 200EMA. That's a MAJOR support level where buyers get in.
I would watch NKE 80C 7/19... this could potentially bounce to at least $1.89.... that's 100+% from current price at 0.74.
I would wait for 72 and play calls if I trade NKE. I only trade QQQ 0DTEs. I'm just trying to help out NKE traders here.
EDIT: I would wait for 72... then get some calls if you see it starts to bounce and make higher high.
EDIT: This already picked up some steam around lunch time and broke 76 resistance. If this closes green, we might not see 72 at all this week.
Maybe this go south and you still make money. But I wouldn't buy PUTS on a stock that just dropped -20%. You're basically late in the game.
$NKE Chart Update: Like I said from prev chart, watch out for that monthly support level. Bulls took over, w/c means puts might be f*cked
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