Feature update - just added another widget for our premium users in the options market dashboard on far out of the money contracts with very high volume. This should help us pick some unusual activity. Some observations in comments. 🏆🥳🔥
$GME $NOK $VXX $CCIV
Although meme stocks are losing steam, I am still seeing a bunch of very far OTM strikes with calls, especially for $NOK. Keep an eye on it please.
Other meme stocks have both far OTM puts and calls so don't know where they're gonna go.
Very interesting to see so far OTM calls on $VXX here. These can easily be just hedges but still very interesting. Let's see if this indicates a dump or are just a few hedges.
Despite the dump today, $SLV keeps appearing everywhere. Based on the flow, it might go up a lot more from the current price. Just keep an eye.
I am seeing plenty of $CCIV far OTM puts here. Careful if you're long.
Last, I am also seeing a few $GSX very far OTM puts. It has already fell hard after the rally but be careful if you're long here.
Please always look at the flow before getting in on a position. It can help you get a better timing on your entry exits. Stay safe and have a great rest of the week. We will keep trying to be the best platform for all of you 🙏🙏
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Let's talk about a comprehensive way of finding huge runners using robust statistical techniques. I'll go over examples of $MARA $RIOT $SOLO $GME $MVIS $MKND. Let's stop YOLOing and start making educated decisoins.
Buckle up.
2/n In any financial market, many instruments move together with each other. They can go up together or they can go down together. What quantifies this is called "Correlation".
For instance, $AAPL and $QQQ has a high correlation because they move together.
3/n However, correlation does not help us "PREDICT" anything. It's just a tool that gives us insights into what moves together. Those insights are useful for a variety of purposes like finding sympathy plays, etc. But we don't want to talk about that today.
Played $BBBY for 15% profits today. It went up to about 37% profits but I had a limit sell order that got executed while I was asleep. Here's the trade for others.
Entered yesterday at close because we were hitting the 50 EMA. Expectation was to close on 20EMA today. Did it! 🔥
Why did I enter $BBBY and not $AMC or $GME. I would have entered either $BBBY or $AMC because both of them had a much better options flow than $GME. I already had an $AMC call that was red and $BBBY was right on the moving averages so it made more sense.
The idea here is to look for setups that are close to their support zones (horizontal supports, trendline supports, moving averages), and enter them with strict stop losses below the supports. If they work, you're good, if they don't, you exit with minimal losses.
1/n Interesting strategy that just came to mind - explaining with $TSLA, $NIO - we have an AI tool that allows you to look at future price ranges i.e the max and min price the stock might go to.
We also have options scanner that gives you high IV contracts for potential selling.
2/n Now, once you know the potential future price ranges, you can simply go to our options scanner and find some OTM WEEKLY high IV contracts that are outside the max and min range of the predicted price.
Those are the contracts that you can sell or do spreads to earn profits.
3/n
Just to be safe, you can slightly go more OTM from the price ranges + do spreads instead of selling naked calls.
I am going to backtest this strategy but I have a feeling this will yield a high accuracy rate + returns. I would love for our premium members to try this.