Huraian
⋅ 0. Notes to follow;
Komen
⋅ Update - Feb 16 2021 - 1:48EST
After today's move, against the Open Interest on the Feb 19 $92, we may be range bound for a bit here.
Trading Range - $90.75 to $94.75
Cheers.
Komen
⋅ Update
Failed Breakout
At this point, we need a 5 percent move over the breakout point, and we only got about 4 percent on this move.
We may be range bound, and consolidate for a bit. Might be a head fake.
Range bound would be great for a bit. Sell some calls, and Theta walk the walk for a week or two?
Komen
⋅ UPDATE
Retest today, Feb 17 2021, of the Breakout Position;
If $89.11 (Buy some more here), HOLDS;
We will be going back up here.
This type of testing of a breakout point, is common;
Komen
⋅ Short term, hope to re-enter a possible channel at $90.75 shortly;