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I call it the #ThuFri rule for a reason. the bagging of the calls usually happens around thursday-friday. sometimes (very rarely) they start unloading on Wed (but again, that's rare). So if u're trying to go bearish on the stock earlier in the week, give urself room to be wrong
Also, know that price action is always king. Call sellers are only right 90-95% of the time. the 5-10% chance they're wrong and unable to manhandle the stock, you'll get a gamma squeeze ( like $TSLA last year, $GME, $AMC etc & now $AMD ). so always be prepared.
#BearTipOfTheDay
#BearTipOfTheDay
Also do NOT use the #ThuFriRule around earnings if u're a beginner (if u do, use pussy size). Price action & open interest around earnings is hard to read because everyone hedges. that's partly why IV is so high (sellers & large investors protecting themselves from unexpected BS)
