The expiration here is April so the time decay factor is going to become an issue and this is a huge gain for a short trade. I prefer to use options for shorter term trades before the time decay starts eating away at the position.
There's also a positive divergence on the 2 min chart and a wide open gap, the market has been relentless about filling gaps so I'll look for a new position in the gap area, if I miss it, there are other opportunities.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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