Play SQ Volatility

27 de mai. de 2020

Looking to start a short over the next two days with price target around 83.20. Will continue to hold until $76 area then look to exit.

28 de mai. de 2020

Nota

Volatility is still following the channel nicely, slightly trending down. Tightened the channel and waiting to go long tomorrow near $75.60. I think we will breakout to higher highs after that.
Updated thoughts:

2 de jun. de 2020

Trade fechado: objetivo atingido

Sold my Call spreads today for a 96% profit. Will look to go short now as we are approaching the highs from Pre-Covid and last year. I am expecting resistance there and will most likely take profit early on those plays. Risk is heavier on the downside in this market.