Traders Cooperative

[royg1927]

looks like it's headed south

That continues to be my read, but I'm not wedded to anything.

My single best indicator is the Wm%R(14) on the 15-minute, and it gave a solid tell at just befor 2:00 by decisively diving through -50. Until then I had to accept that I might be dangerously front running the puts, and so as always, I was ready with the trigger finger on the exit tactic.

With the X Feb24 29 puts just now having printed a trade at .74, that's a double for my .35 entry and invites me to ring the cash register.