Viewer's Choice

[littlejohn]

SMCI has gap at $496 on 01/29/24

to heed for potential retrace

to fill it...

SMCI has bounced around $300

on days so could still fill the gap

before ER on Tuesday...

https://www.barchart.com/stocks/quotes/SMCI/interactive-chart

Puts on it for Friday and only

one day are gambling...

But SMCI has the priciest option

action you will ever see...

So you have to wait till 4 minutes left

on Friday to bet on Monday puts...

Option prices dropped up to one half

for week ahead on last Friday with

only 5 minutes till close...

That cost me dearly on an entry...

AMD was the other put bot for Friday

and not NVDA...

AMD just looks pricey...

NVDA looks too strong to bet against...

Saw a video of Cramer last Friday evening,

and he said wait for Friday CPE release

to come out before reacting...

Seemed a harbinger of some pre planned

negative activity coming for this Friday...

That stuck in my thick head like a bad

tune lyric that you can't shake out...

Expecting to lose on puts for Friday after

big pump up after hours on tech on

Thursday evening...

But no profits were left to flop around...


So we watch...LJ