Play SQ Volatility

٢٧ مايو ٢٠٢٠

Looking to start a short over the next two days with price target around 83.20. Will continue to hold until $76 area then look to exit.

٢٨ مايو ٢٠٢٠

ملاحظة

Volatility is still following the channel nicely, slightly trending down. Tightened the channel and waiting to go long tomorrow near $75.60. I think we will breakout to higher highs after that.
Updated thoughts:

٢ يونيو ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

Sold my Call spreads today for a 96% profit. Will look to go short now as we are approaching the highs from Pre-Covid and last year. I am expecting resistance there and will most likely take profit early on those plays. Risk is heavier on the downside in this market.