That $1k doesn't have much volume, just a lot of open interest. Likely obtained when price was higher. Something to watch that. That's my upper target should the bottom hold.El_duderino said:
I'm seeing .99 ratio for August monthly and the drops to .7 for September monthly with traders likely expecting a push up with earnings.
SMCI skewed around 1.2 with heavy put resistance at $800, but if it can push through that it's off to the races. Looking at August 9 weekly right after earnings, it's less than 1 and biggest volume at $850 & $1000 call strikes. That $1000 strike is the largest call volume across several expiries.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)