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Re: GLENO34 post# 39089

Friday, 07/14/2023 5:49:32 AM

Friday, July 14, 2023 5:49:32 AM

Post# of 41310
Happy Friday
I'm already thinking, next week is an option expiration week...
And what happens?
What do the market makers, the Boyz, the sharks do?
They make sure and cause pain.
They get options to expire worthless.
Plenty of calls to destroy.
They will be taking it down.
Expect it.
Yesterday I bought IWM puts big.
The July 28 193's at average cost of 2.54
And I think we'll see it back below 190.
Over the past few months, such poor structure on this rise upward, plenty of gaps and untested points of control.
I think it'll be the small caps which show the weakness the most, and plenty of selling to get to safety.

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