Thursday, August 17, 2023 12:49:10 PM
Aug 17 - Flow Trade
$DFS started showing up on the Flow on 8/15 (as posted). The price continued to drop on the 16th. More flow showed up on 16th. Hit $90 which is the line in the sand for it and bounced today (17th)
They lost the CEO this week. Generally negative banking sentiment right now.
It's a wild ride of a chart over the last 5 years. 90 is the line. It's either going to properly bounce from here or the bottom is going to come out quick.
I'm taking it for a ride tailing the flow though. I've got half position. I'll look to add other half on Monday (avoiding opex)
I have the October 15 95c @ 4.20. Yesterday was when to enter, but I just wasn't following market much. This is not earnings related, so I'm game. This actually looks like a baby gamma squeeze in motion for OpEx, which explains the move up today. Note the huge OI on the 93's for tomorrow after yesterday's trading. Let's see how it goes for a couple weeks.
$DFS started showing up on the Flow on 8/15 (as posted). The price continued to drop on the 16th. More flow showed up on 16th. Hit $90 which is the line in the sand for it and bounced today (17th)
They lost the CEO this week. Generally negative banking sentiment right now.
It's a wild ride of a chart over the last 5 years. 90 is the line. It's either going to properly bounce from here or the bottom is going to come out quick.
I'm taking it for a ride tailing the flow though. I've got half position. I'll look to add other half on Monday (avoiding opex)
I have the October 15 95c @ 4.20. Yesterday was when to enter, but I just wasn't following market much. This is not earnings related, so I'm game. This actually looks like a baby gamma squeeze in motion for OpEx, which explains the move up today. Note the huge OI on the 93's for tomorrow after yesterday's trading. Let's see how it goes for a couple weeks.
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