Today’s 1-minute SNDK chart says it all a sharp spike to $965 on Nasdaq 100 inflow FOMO followed by an immediate 6%+ pullback as profit taking and delta hedging hit the tape
The stock is now consolidating around $910 a key support level with only 3 days left until April 17 options expiration For anyone holding 955/995/1000 weekly calls this volatility is a double edged sword: the spike created massive gains, but theta decay is accelerating and any sideways move will crush out of the money strikes fast
Resistance $930-940 retest of pre spike highs
Support $900 critical floor a break below opens deeper downside
This isn’t a buy and hold play for short term calls The memory supercycle is real but the near term risk is all about time decay and volatility
https://i.redd.it/g43m32oya6vg1.png
Posted by Alone_Kick_4571
4 Comments
it means they fukd call holders in a hope that they will sell today, which market makers and hedge funds will take from retail and pump the stock tomorrow…
Market doesn’t care about fundamentals anymore. This is only going up leading up to earnings. Today’s dip is nothing compared to the growth in the last few days and a much required pull back for a much higher run up
Ive been scalping the IV selling calls this week, the IV is crazy the moves can’t keep up.
On Monday sold 1030 C for Friday, made $200 in 2 hours.
Sold 1060 C at the end of the day, closed this morning for $400 gain after the dip to $900. Keep trades short, the vol is too high with these price levels and news cycles.
There is no pullback. Non sense.
Just buy. We need to increase stock price. The rainbow end is almost there.
Buy….Buy!