Who bought PUTS on spy based on FUD?
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all you really need is optionstrengthviewer.com
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waving pines : I did just now
73055714 : I did and sold and now it's crashing. I'm out of buy juice now (cash account not margin)
OptionStrengthViewerOP waving pines: Why would think the market is bearish ?
73055714 73055714: well, not crashing, but sure as fuck not climbing enough. I think I'm being impatient ... and in a bad mood
waving pines OptionStrengthViewerOP: KDJ is capped on daily plus we’re looking like a double top situation atm at least to me
102254163 73055714: It’s difficult to navigate this market. Weekly chart is still bearish, daily chart and h4 are bullish, 1h is bearish. H4 is pulling back now, but slowly. Shorting it is the right thing to do. But buying puts may end up losing money cuz price ain’t dropping fast. So your put options may lose value to time decay n expire otm n worthless. Selling options might be the better approach. Or simply just have to be patient to wait for h1 to turn bullish again then can buy calls
102254163 OptionStrengthViewerOP: Short term wise is definitely bearish. But it’s not coming down fast as it’s just a pullback on the higher timeframe. Therefore shorting it is right. But buying puts is not.