Trading High Implied Volatility, Technical Analysis & Big Price Moves | Technically Speaking

technical analysis is often used for contrarian decisions today we're going to take a look at that look at high implied volatility and look at individual stocks to maybe take some contrarian style trades and see what happens out in the future so stick around good afternoon good morning good evening everyone depending on where you are out there in the landscape uh this is technically speaking technical analysis and options my name is pat mullally and i'm joined by all of you in the chats uh as well as by brent moore's a great friend from a long long time hopefully that will continue for another 20 years that would be great uh you can follow of course myself on twitter at pimalally underscore tda and you can follow brent moore's on twitter as well at b moore's underscore tda he has put both of those twitter handles in so we'd appreciate the follow there uh so before we jump into anything let's get out there and discuss the important information and i am going to put that picture of me on down the lower left hand corner if it starts giving us some angina i'm going to turn that off and it already is so it's turning i'm turning that off there we go all right uh content here is intended for informational educational purposes only not for wrecking uh excuse me not for recommendations of any security or strategy options are not suitable for all investors investors as special risks are inherent to options trading and that can expose investors to potentially rapid and substantial losses short options can be assigned at any time up till expiration regardless of the in the money amount and in the money option has a higher risk of being assigned early now also important to understand that the paper money virtual trading application will not assign short option positions early which is going to be very different from a real trading account that's what we practice in and so please remember that and also today we're going to be looking at multi-leg option strategies and those such as spreads and those will not are excuse me those uh have extra transaction cost as well as those short options we were just talking about any probability analysis is exactly that probability theoretical in nature not guaranteed now we're going to talk technical analysis but there are other approaches and that includes fundamental analysis that can assert very different views past performance of any security or strategy does not guarantee future results and that means that all investing involves risk including the risk of loss and any investment decision that you make in your self-directed account solely your responsibility all right so today we're gonna do a market review we've got some interesting action the nasdaq trying to well has been on either side of positive or negative uh today either side of the flat line today not so much with the s p or the russell 2000 although we've watched them bounce back and presently giving up a little bit more a little bit more of their bounce we'll see what happens but then we're going to get into the day's subject and that's going to be technical uh look at technical analysis support concepts and then short put spreads and iron condors trying to take advantage of the higher implied volatility plus some possible neutrality or stagnation after these big moves so let's stick around for that before we jump into any of that we're going to have a bit of a public service announcement due to discussions that we had last friday and uh that i didn't wasn't able to get to we will talk about those uh coming up before we jump into the s p though let's take a look into what i'm talking about here uh eddie um i don't know if he's in the in the chats here uh today but eddie did bring up uh this fact that if you're looking at friday i did a uh on the advanced charting techniques i did uh the i put on use the mcclellan oscillator for the ndx the script uh that i presented to everybody as well as the for the s p and the russell 2000 and the dow jones and there's one thing that you need to do this the public service announcement and then we'll jump into the action uh the market action today uh and the public service announcement is if you are going to use the mcclellan indicator and the mcclellan summation index what you need to do is you're going to come up here to the edit studies beaker right here you're going to click on that after you've installed this onto your charts and right here it says mcclellan oscillator and you see where it says yes right here going to go in here you're going to click on the gear here so you can edit this and what you need to do is you're going to need to click ratio adjusted ratio adjusted and make that yes i'm going to make that yes because if you don't things widen out this takes into account all of the new issues all the different things that occur and takes those uh those small decimals and kind of gets rid of them but i'm not going to go into the detail on that but let's look at what happens if we don't ratio adjust this and you can see these red lines here these are the important areas overbought oversold right now the ndx oversold on the mcclellan oscillator but we won't get into explaining that what we will explain real quickly is you've got fifty percent and fifty percent these red lines down here if we don't ratio adjust this what is going to happen is you are going to i'm changing that ratio adjustment to no click here click apply and then you'll never see anything reach up into the well i shouldn't say never there's certainly a chance that back in history it's reached up into that area so we have to ratio adjust that you don't have to you can do whatever you want and click apply and there you go public service announcement number one all right let's take a look at the s p 500 drifting dropping down into the uh into the what was the demand zone back in march undercutting the january lows we'll zoom in on that undercutting the january lows right in here excuse me that's the marginal oh sorry january low's over in here and dipping down into the area where people bought before no guarantees that people are going to buy here but we watched to see what happens to these support areas where where demand has come in and overcome supply uh previously and see if that will still be the case friday we had an a a lot of down volume about uh 87 percent of the volume on friday was down similar i think it was about 83 percent of the volume on thursday was on the downtick uh meaning the trades were happening on the downtick on the new york stock exchange and we can see here that the new york stock exchange mcclellan oscillator has dipped into the over bought area now when we talk about we're talking about today is going to be some uh contrarian ideas and and this is oftentimes why we look at this if we get some extreme selling coming into play and we get a mcclellan oscillator that's well over oversold then oftentimes there may be a short-term contrarian move and that's what we that's what we look for now today we're going to use look at a couple of different things so let's get going with the time we've got left because i want to look at um well let's look at the nasdaq here first nasdaq well below the uh january lows so that happened uh on thursday of last week so that was an important an important uh action that price took on uh friday and then you can see here closing coming into the march lows here so as far as the march lows go we are about see if this will do it this way here looking just trying to do a quick percentage yeah about one percent off the march lows the uh whoops we can look at the russell here in a second the s p 500 not using the fibonaccis from all over the place must be monday i'm gonna have to go buy a new mouse i can tell that right now there we go uh right where we sit right now about three percent off the lows so we can see nasdaq still a bit weaker the interesting thing we're seeing here with the russell is undercutting or getting down into this support area and trying to rally back uh and get positive for the day right now the russell is down about three tenths of a percent a little over three tenths of a percent but like the other uh like the other indices trying to rally back into positive territory which we are now seeing the nasdaq so very you know as far as statistical or historical or intraday volatility of price goes the nasdaq uh all of them really if we look at a five-day chart five five day five minute chart a lot of up and downness uh perhaps we put in an intraday low here this is going to be the area to watch uh you know as the day goes on for the nasdaq right around the uh 13 240 area all right so let's get on with why this is important why those things are important because people look at these ideas look at these for areas where things may bounce so what we're going to do here is we're going to come out and take a look at um twitter first and uh whoops went too far look at twitter first because this is going to be part of the discussion because this is a trade that we took remember that the discussion today is going to revolve around the support concepts contrarian style type of action or neutral or stagnant type of action using short put spreads and iron condors now to do that to get everybody on the same page what we did here on twitter when the news came out that there was a an offer made to buy twitter from elon musk well the stock gapped up and then rallied the next day and then pulled back and now it's rallying again up and down up and down so when we see volatility jump which is going to be this lower pain in here when we see volatility jump volatility has an implied volatility of the stock the the market's best guess of what may happen in the future as far as price movement volatility jumps and then it comes back in it jumps ahead of earnings and then it comes back in after earnings and so this is this is one of the things that we try to take advantage of after a fashion although uh volatility is not the be-all that ends all with verticals because you are going to be selling some volatility and buying some volatility we'll talk about that shortly but the point i'm making here is that when you get extreme moves extreme moves oftentimes those moves are met with some selling sometimes not we're going to take a look at look at some examples here but this is the first example if we come over here to the monitor tab here and take a look at twitter it's it's kind of a beat down day with a lot of our other directional options but here's the twitter the twitter iron condor so what that means is that we sold a put spread above the market meaning we are excusing a call spread above the market up in here and uh with the short strike being right here i'll make that red the short strike where we took in the biggest credit that offset the debit and gave us a credit was up here expecting price to possibly move up into that area which it did move the next day into or continue to move up the next day but then it relax and we also sold a put spread which is this red or black dash line here that i will make red and this is going to be our put spread down here and sold a short put remember those can be assigned at any time up until expiration uh and uh bought a put underneath it for protection so each one of these black lines gives us a so-called defined risk uh to this type of trade so when we look at this what do we do with twitter now oops we we're seeing some increase in is price increasing or is volatility increasing so let's take a look at this it might be an interesting little bit of a study here so uh about an hour ago or so and twitter not being too far above that come back over to the monitor tab we can sell this we sold this originally this whole iron condor for a dollar five meaning we sold the 60 call bought the 65 call for protection sold the 41 put bought the 39 uh put on the further down for protection sold all of those for a credit of a dollar five they're worth 23 cents an hour ago they were worth about 15 cents and we haven't seen any a huge move up in price but enough that it adds a certain amount of certain amount of premium to this so of course we i held on to this because of these the way these the our webcasts are we like to try to do things live in front of in front of uh everyone uh and show how things are you know how things may or may not work it would uh my inclination this morning was to go ahead and close it out when it was around 15 cents but we'll close it out right now because any news then remember this was a news driven event any news that comes out good or bad may have a may have a bullish or a bearish effect in the very near term on on price action if that if that happens oh good we're dropping back down a little bit if that happens then what was once 19 cents here what was once 19 cents might turn into 30 cents or 35 cents and with that you know you have to make some decisions do you how much of your 80 cent gain do you have here do you want to give up to see if you can make another 20 cents right or 20 times the uh or 20 cents times the 100 dollar malt or 100 share multiple and what we're going to do is we're going to buy this iron condor back for 19 cents we'll confirm and send that off and get filled close that trade out and then we're going to look to do similar things on other stocks that have been uh john is reading my mind well we're going to we're going to do we'll we'll do both of those things we'll start with a john's asking can we do well anyway um the the things i have up for today would be get everybody some heads up we're going to come in here and we're going to uh do a uh a discussion on facebook doing the same thing and then we'll look at selling some puts on deer doing some trades on nvidia as well as on netflix so there you go all right so let's talk about facebook again another shock move to the downside now this did not comply with our wishes if we had done an iron condor uh not necessarily not in the very near term but what did we see let's let's measure this out and this is kind of the important point here i'm going to grab this trend line here because we can look at days and calendar days and trade uh trading days and lots of other things but let's measure this out to where this high is right here that was about 42 days that was about 42 days from from the day that this gap down now if we draw a straight line across here and the point making that is if you had sold a put spread below the market okay so let's say you sold the put spread somewhere down here and what occurred was price drifted below that but within uh your maybe your expiration depending on how much time you sell it was back up in those that put spread went out worthless if you had sold also a call spread up here somewhere you can see that both of those would have gone out worthless what we did however was not either one of those up here the account statement here's facebook uh on the 14th of february we just sold the 175 put and if we go back to the chart 14 of february 175 put so here's the 14th that's where this red this small zoom in on this small day is right here and we sold the 175s and that was way way down way down low off the chart so we'll just adjust that find out where 175 is and there's the black line uh the black dotted line so that's where we sold that put that put one out worthless and the point is that sometimes we'll take these counter trend trades when volatility has been high let me adjust this back when volatility has been high and we expect it to drop well that never happened that never happened with facebook right but guess what did happen time stretched out sideways and those options the volatility premium in those options decayed away and the time premium in those options decayed away and they obviously were out of the money so those went out worthless pat on the back that's not always going to happen because we could have done something in a shorter term that would have been in the money and you could have experienced a loss not not that's just going to happen that's going to be part of part and parcel of things okay so that kind of sets up the idea of what we want to do let's pop over here to uh to deer and let's do some technical analysis on deer and now on this chart what we have obviously is the price chart where we had three really strong down days on deer i've got some support and resistance drawn on the chart via the channel in here the top of the channel the bottom of the channel and then of course the midpoint of the channel which we may focus on today relative strength index rsi down pretty hard not over sold just yet and then the bottom pane is implied volatility implied volatility is fairly high we don't have earnings until out here in may i think so let's put a cursor over that and may 20th is the earnings so what we'll look to do here is just kind of review from a technical point what has happened in the past and then try to make some decisions uh on levels where we might see selling come into play where we might see buying coming into play now this was a pretty sharp hard shot to the downside one two gaps so far doesn't mean it won't gap thank you john pat on the back pun intended he says all right so here's this i'm going to look i'm going to kind of look at this midpoint we're already below uh support our old what was old resistance right so we have the demand or achieving the supply the resistance come into play supply comes on the market selling of shares over and over until it didn't anymore right and so in technical theory uh we look at that as to have some duality if you will some two-sidedness and we're now below that so that becomes that now becomes resistance now i'm just going to extend that all the way to the right so let's look at what happened at the bottom so we had support come into play down in here which we're going to call demand the demand line higher low here and things took off in between all of that support here for a while until it wasn't resistance at the midpoint support at the midpoint resistance at the midpoint a whole area of back and forthness along the midpoint support at the midpoint so you kind of get the idea here that uh in the near term perhaps the the midpoint here around 355 may come in into play as some kind of a support that's where people sold and bought before that's a two-sided an area where the two-sided trade came about and so we'll look for that we'll look to take advantage of perhaps some higher implied volatility uh a bit of higher implied volatility as well and volume today has exceeded already the 50-day moving average of volume so we may be seeing uh obviously we're seeing some bearish bias to this but we may be seeing a bit of maybe over exuberance would rather see this get into the over sold area on the rsi if the rsi could get down below this like we saw over here then we may be prone uh to a a better balance or maybe we'll get some kind of divergence we'll see but the implied volatility is our next thing implied volatility is high looking at a one-year chart of deer uh we're almost the highest point we have been for a year now how do we get implied volatility on here with like everything else we're going to on that's on the chart we're going to use the uh flask of the beaker i call it a flask i mean i've been told to call it a flask so i will so we're going to click on that and we're going to come over here to the studies side and we're going to or to the data box we're going to type in imp and then we'll see implied volatility we'll highlight that add that over here and then we can pop in here and thicken the line up if you want click ok i'm gonna put both of these on click apply and that's how you put implied volatility on we don't need two we only need one so i'm going to get rid of that one now the only thing this is telling us is that volatility due to the extreme the the the magnitude the speed of this move implied volatility has increased to the upside a lot of put buying going on out there as well on twitter i'm going to show the the put call ratio later today as well so again join us on twitter we would certainly appreciate that if you go to twitter go to my uh profile page you know but just follow me on twitter and you will you will see those as well and you can follow of course brent on twitter but i'll put some uh put some inform interesting information that we have about uh the the put buying uh that's been going on and if we're in an exhaustive area again more of a contrarian style because all we're looking at here to be contrarian is for price to continue to the downside find an area where there had been some uh support for before and bounce off of that we're not looking for some kind of total reversal necessarily but just some stagnation based off of a an exhaustion of a long a strong fast move to the downside in this case so what we're going to do here is we're going to use this midpoint three uh the 350ish area come over here to the trade tab and uh put in deer and uh take a look at we'll just look at a very short-term trade now we're going to look at these weeklies only 11 days out there now you know you can look through here anything that says weeklies is not a standard contract a standard contract is not going to have the word weekly out there it's going to it's still going to have 100 multiplier but it expires on the third friday the weeklies came about several many years ago and they expire on a weekly basis with 11 days and just know that if that's the case there could be a little bit more risk involved in doing something short term if price does not do what what the trade would would require it to do to become profitable so just remember there's risk in those shorter term trades but we're going to look at this expecting we're going to sell something under the market expecting this to possibly continue down right price to continue down and then bounce somewhere in here now that's just exp that's just some assumptions expectation doesn't mean it will happen but we want to address this from a higher probability standpoint so what i have on here is the layout that shows implied volatility probabilities of out of the money and the delta and what we'll do is we'll come down here and we'll choose a delta uh remember our 350 355 area go back to the charts that's this midpoint 355. we'll look to use that as a basis for the uh setup for possibly uh for selling a uh put spread so what does that mean we're gonna sell a one or a 355 put i'm just going to left click on that and that's going to load that up here so the 355 put expires in 11 days and we sell that for 3.75 and then what we'll do in case things go awry and it drops through 350 we're going to buy a 350 put so i'm going to hold the control key down here and click the ask and that loads this up and this will be a five dollar wide spread five dollar wide spread you can see that here 355 minus 350 equals five dollars they're both puts they both there it's a vertical so they're both going to expire on the same day uh and then we pick up a credit of 83 cents now remember there's a short option involved here and that short option is uh can be assigned at any time up to expiration all right so let's take a look at the risk the risk that we have here so we have we're bringing in 83 cents 84 cents somewhere in that zone you can pop that up increase that if you wish and lower it depending on you if it's not if it's not big enough you can you can do something you can do something else you can sell a a a three 360 put and buy a 355 put increase the credits it's up to you so let's check the risk out that's the reason we're checking the risk out here so we know we have a five dollar wide spread so the spread risk is five dollars but we have a credit of 81 cents so that says that um we have a total risk of four dollars and nineteen cents four dollars and nineteen cents uh total risk but we have a probability that goes along with this you always need to think in probabilities or should thinking probabilities as well as risk and reward so if we sell this with a 20 delta so in theory the the delta gives us a proxy for probabilities not guaranteed uh of a 80 chance of this being out of the money on expiration actual probabilities of out of the money is 77 right but we'll put this on anyway again if you if you wanted a higher credit you would sell the 360 and the 365. if i right click here and say sell vertical that's going to put those two together and you'll bring in a dollar too that's up to you we're going to go with the 355 and 350 by the 350s at 80 cents and uh with 400 and some dollars worth of risk we're going to just do one of those and we will send that off and we're filled on that vertical all right let's move on and take a look at nvidia with nvidia it's a little bit different uh there is there's still earnings coming up uh we have we presently have a position in nvidia we have a short put on nvidia saying that we were willing to buy this willing to buy nvidia at a lower price and we sold a put brought in some premium to look to buy a hundred shares of nvidia uh at uh at the 195 strike at the 195 strike so that's we're just above that right now kind of taking in the same idea that price may continue down into the mid zone of this the midpoint of this consolidation area in here what we're going to do today though is we're going to sell an iron condor we're going to sell something on both sides sell a put spread and sell a uh sell a call spread now nvidia has earnings uh out here getting close i think may 25th so not too terribly close but we're going to take that same idea to take advantage of the near-term volatility as we're looking at a possible bounce in nvidia uh i would rather see the rsi down below the 30 percent area but what do we know looking at nvidia we know that going back in time we're in an area where people bought before so what we'll look to do is we'll look to sell something at support of put spread at support or below and a call spread at resistance or above so we're going to choose these two areas this one and this one that match areas where people bought before so there down in here the midpoint right so on and so forth looking for looking for strength to come into play we'll see what happens that's why we put these on for educational purposes only to see what happens let's put in nvda in here not nvdaq that would be uh something that would be telling us nvidia is in trouble all right so we'll start off with a call spread and we'll just use the deltas for now and we'll pop down in here and look at the calls around the 225 and a half and we'll look at the puts doing the same thing uh about with about the same delta of 175 on the downside 1 or 222 on the upside so an iron condor is just selling a call spread above the market so i'm going to click that and we're going to whoops that's a buy sorry click the bid on the calls so 177 or 1.77 uh premium that we're going to uh sell and then we're going to buy uh at the ask the next strike down two and a half dollars away and i didn't hold the control key down my fault uh so sell hold your control key down and that will add the call to this and that two and a half dollar widespread just the call spread is going to be 32 cents we're going to add a put spread to that we're going to come over here and we're going to sell the 175 put so i'm going to hold the control key down and start to see well how this starts to develop just selling the put selling a call spread and a put brings in a credit of 3.36 if we protect the put just in case

things uh move further to the downside well we need to buy the uh which one do they sell we need to buy the one 72 and a half put if they have it hmm you know what let's let's not let's not skew this right now let's just go ahead and sell the uh the 177 and a half just for purposes here uh 177 and a half put i'll keep it uh two and a half wide and then we're going to buy the 175 and that gives us a credit of 81 cents for two and a half dollar wide spread and that keeps us that keeps us even on both sides now if we come over and say 177 and a half and 225 let's look over here and say well where's two or 222 excuse me 222 resides up above resistance up here and 177 and a half is going to be down here below below support so we're trying to we're looking for this to stay range bound that does that doesn't preclude it from moving up and moving down we expect that to happen we expect it to move up and hopefully early gets up into the short strike given time to find some resistance and come back down in and find some support so that's how we'll do nvidia in the interest of time we are going to we'll come back to these trade tab over here double check this now you can spread that out if you want but you're going to run into a five dollar wide spread on the on the bottom which not necessarily a bad thing if you think it's going to go down further you uh and then bounce you may want to do that it's up to you let's uh go ahead and put this in this out and let that marinate so we have two and a half dollar wide spread taking in 80 cents so we have a spread risk on that of two and a half dollars because you can only be wrong on one side and a credit of 81 cents that means we're going to have a risk a total risk of a dollar 69 you could probably done that more than one time but let's in the interest of time let's pop over here and take a look at netflix now netflix had earnings dropped off like a streamlined anvil and it could continue down we certainly saw that happen with uh facebook if you saw it happen with facebook sorry there uh and i want to come in here and get rid of the corporate actions filled on that trade on nvidia now we see this gapping down continuing to run let's get rid of the rid of the relative strength here continuing to run to the downside uh and really not getting any uh any strength coming out of uh coming out of the communication sector which happens to be up nine tenths of a uh nine tenths of a percent right now the markets have uh started to move higher but we're not getting anything out of this so uh that could be a tell a bit of a towel but what we're going to do with this high implied volatility we're going to do similar things that we did with twitter uh and that is sell an iron condor or wrap an iron condor around this now you could just sell a put spread and so let's pop over here to the trade tab before we do that let's back off and put on a geez trying to get back to i guess we're going to have to go further out in time netflix netflix is really all right so we are almost back to uh the 2017 uh october 2017 uh support down in here so uh if we if we go back in time all the way over here to the left let's put a weekly chart on to make this uh a little bit easier for everyone to see we look over here to the right hand side left hand side that would be the one pat with the big l on it and look at this ascending triangle that it broke out of that's where buyers came into play will that happen again there's no guarantees but let's take a look at some kind of this area for some support and resistance all the way back over in here okay so whenever you're looking at at price action look to where previous breakout support resistance where volume was strong look to those areas to be a possible give you a possible indication of what what may happen at that area and it becomes an important area so that's down around 165 of course we can look at the old supports over in here about halfway up the gap down in here so that's about 260. we've got extreme and high implied volatility we look at the rsi the rsi today is trading at 20. that is the outside range it doesn't mean it can't go lower but that's about the outside range of where over soldness for a lot of technicians where a lot of technicians will look at this and say well there might be more downside but it's so oversold they would look at this from a technical probabilistic way a manner that it would have a higher uh probability of popping bouncing to the upside so let's put netflix on and with this one let's go ahead and try a 11 days as well remember there we'll start off down in here with that implied volatility as high as it is we'll look at a 16 delta on the puts at 185. we'll try to do similar things on the on the calls and we'll do the two thirty two and a half so two and a half dollar we run into the same issue so we're going to make this one a five dollar widespread 232 and a half and to sell on the calls and buy the 237 and a half uh calls on the upside so we will come over here sell iron condor and then we're going to change the the uh i'm going to leave the the 232 and a half we're going to change this 235 to 237 and a half on the calls and then the puts we're going to move to the 185 180 strikes so we'll scroll down to that see what kind of premiums we get from that and we get a dollar sixteen on a five dollar wide spread five dollar wide spread minus a dollar sixteen gives us three dollars and eighty four cents worth of total risk now let's look at this 232 on our short striking short strikes is where uh the risk lies that's where the uh if there's going to be a some assignment that can happen any time that's where it's going to happen 185 on the downside 232 185 come over here pop this up and we will edit this make this 185 on the short strike just to get an idea about where our risk is on the chart and on the upside 232 hit okay make this a back to our daily chart and so that's the that's the trade we're about mid-range of that trade right now expecting perhaps a little bit more downside but expecting uh you know price to stay somewhat stagnant now if this seems too close to you you can always raise it up to the 244 to if you do that if you do that uh 240 so right around the the 240 two and a half and the two you're gonna see what's going to happen you're gonna have a higher probability in the uh 247 and a half but you're back down to that 87 87 cents but what happens for a premium so what happens is now our now we have our resistance at the bottom of the gap or that's more likely to be some resistance so we expect some kind of a bounce so maybe a better idea to put our uh move our calls higher we're expecting a bounce because of our so the oversold rsi being so oversold we expect that bounce to happen early now if you want to just leave that at a just at a put spread you can certainly do that where's trade 10 leave out the leave out the calls if you expect the expect that to be the bounce so we will do that actually but i want you to consider both both ideas stagnation versus just a bounce and 11 days with that kind of a bounce we're going to sell the 185 put vertical for 54 cents um that's a that's a bit of a stretch there for some uh so we will get a little bit closer so the 190 and by the 185 make this a five dollar wide spread 85 cents uh and expecting that balance to happen fairly quickly well so our risk is gonna be five cents less or 85 cents so our risk is four dollars and 15 cents everything we did today had some kind of a transaction fee that went along with it sure options can be assigned at any time prior to expiration all right i think we've done what we wanted to do if there is a survey please fill out the survey subscribe to trader talks channel that would be most appreciative so technical support concepts midpoints places where price had uh where we saw some kind of demand or supply come in uh selling support and resistance come into play with some kind of uh implied volatility but using that as a contrarian look in the short term so with that i'm going to bid you adieu and uh if you could click on that subscribe to trader talks just like brent was asking that would be fantastic but also remember that uh everything we're doing here is for educational purposes only not for recommendations and you are responsible for the decisions that you make in your self-directed account bye-bye

2022-04-26 19:44

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