My initial trade idea is linked in this post. On this 30m chart you can see the white boxes marking the candles that created a stochastic %K bear signal. I sold my puts today. Overall, I still think GME will price lower, but RSI needs a bounce (see green oval) and markets are oversold. If this stock bounces before FOMC on 16 March, I may take another swing put position if there is a good setup.
Kommentera:
Well there was another good setup for puts. On 9 Mar. I completed a day trade as price moved from 108 to 104. 107-108 was an ideal entry for another swing put trade. I forgot to enter here and price made a good move between Wed. and Fri. I will look for a swing put entry between 14-15 March to hold through earnings.
