Replies to post #76921 on Traders Cooperative

[royg1927]

-very risky trade

Well, maybe. It ALL depends on getting the direction correct.

When a trader gets to the point of correctly figuring the direction for the next hour or two, some nice scalps can be had. It's entirely because all the premium guessing is out of the way.

I used to hate the last part of expiration week, but have come to see the opportunities better.

Hope I don't have to eat my words yet today. Does the X chart look to you still like lower this afternoon, or the opposite?

I'm ready to grab any bid if/when I think a reversal to the upside may be dangerously near. Market ask for sure.