Posted by DigiNomad on 23rd of Jun 2022 at 01:02 pm
Right on cue, Najarian says unusual activity in XLE puts
today....which would indicate the 200 isn't thought to be
supportive (by whoever is buying the puts anyway).
Posted by DigiNomad on 23rd of Jun 2022 at 01:16 pm
That's what he was suggesting. I did the opposite and sold AUG
58 puts (effectively going long). I think owning XLE with a cost
basis in the 56 range won't be horrible in the medium term...if it
drops further and gets put to me.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
XLE hit 200 DMA today.
Posted by DigiNomad on 23rd of Jun 2022 at 12:58 pm
XLE hit 200 DMA today. I'm seeing some divergence on 3 minute so starting to build position here (swing trade to 9...hopefully)
Right on cue, Najarian says
Posted by DigiNomad on 23rd of Jun 2022 at 01:02 pm
Right on cue, Najarian says unusual activity in XLE puts today....which would indicate the 200 isn't thought to be supportive (by whoever is buying the puts anyway).
Maybe h e just wants
Posted by srusso1 on 23rd of Jun 2022 at 01:12 pm
Maybe h e just wants us to buy them puts in XLE
XLE - Or someone building
Posted by elementsix on 23rd of Jun 2022 at 01:16 pm
XLE - Or someone building a long position is buying insurance...
Exactly, that's the tough part
Posted by DigiNomad on 23rd of Jun 2022 at 01:16 pm
Exactly, that's the tough part about analyzing daily flow in options.
That's what he was suggesting.
Posted by DigiNomad on 23rd of Jun 2022 at 01:16 pm
That's what he was suggesting. I did the opposite and sold AUG 58 puts (effectively going long). I think owning XLE with a cost basis in the 56 range won't be horrible in the medium term...if it drops further and gets put to me.