🚀 BB (still going) to the 🌝 BABY 🚀 (UPDATED POST)

🚀 BB to the 🌝 BABY 🚀 post

(not financial advice)

BB SG Read – Bullish Neutral

  • Call total – 19.883% increase (5/31 – 6/02) (A larger call position infers more bullish activity.)
  • Put total – 17.9541% increase (5/31 – 6/02)
  • Total Gamma – 4.04373% decrease (5/31 – 6/02) ) (A negative gamma position implies higher volatility in the underlying stock.)
  • Total Delta – 88.8684% decrease (5/31 – 6/02) (A negative delta position implies dealers have a net short hedge. When a large net delta position expires, options market makers may have large hedges to unwind.)
  • Hedge Wall unchanged (5/31 – 6/02)
  • Upper Hedging Band unchanged (5/31 – 6/02)
  • Key Gamma Strike increased to 12 (5/31 – 6/02) (This strike can be considered a support or resistance line for the stock.)
  • Key Delta Strike unchanged
  • Top call and put OI unchanged
  • 34% of gamma expires 6/04 (When a large amount of gamma expires (generally >25%) then the underlying stock may shift away from current prices.)
  • 22.7% of felta expires 6/18 (When a large amount of delta expires (generally >25%) then the underlying stock may reverse its previous trend.)

https://preview.redd.it/9m5ir4ejzw271.png?width=6810&format=png&auto=webp&s=a26789d6e0ebdc50c03d134dbe810b6e6beb2cf9

Volume

  • Getting close to 12/20 highs

https://preview.redd.it/svcqpvs03x271.png?width=1754&format=png&auto=webp&s=996aa73950be06f8ed743ef0e695b6e190217846

Shorts are still here

https://preview.redd.it/js1wxmuy5x271.png?width=1988&format=png&auto=webp&s=c780b7368c43818000a46db274c108e430e9cba6

TA Notes:

From 🚀 BB to the 🌝 BABY 🚀 post

https://preview.redd.it/nwlfm0356x271.png?width=2998&format=png&auto=webp&s=5a12186ed90b69da2013220f7e367227a3a89fbc

Updated with today's price action

https://preview.redd.it/xmtzay0o7x271.png?width=7094&format=png&auto=webp&s=bfdc9d4f4756a01a73646de1890f889bea003822

New Chart with updated 🎯s

  • Short term support @ 15.26 – 14.60
  • Major support @ 13.70 – 12.83
  • Resistance @ 15.96 – 16.66
  • Bullish 🎯 – 18.32 – 18.76 – 20.79 – 24.30 – 25.48+
  • Bearish 🎯 – 12.04 – 11.24 – 10.45 – 9.47

https://preview.redd.it/0rkl3z08bx271.png?width=7094&format=png&auto=webp&s=c9f6583fb660af5144a630a3a78f455f074ca997

1day OBV

  • Broke feb highs

https://preview.redd.it/z8z5a9abdx271.png?width=7094&format=png&auto=webp&s=1d4aee040bac2dcf3e7cda905b498eabbeca05a7

1day RSI

  • obv oversold but still has room to run to 1/27 highs

https://preview.redd.it/oqpf8wvrdx271.png?width=7094&format=png&auto=webp&s=285dd571cba5a667240625354bcf289e2f4e4033

65m RSI

  • Bulls need – 80.54 – 86.29 – 96.57
  • Bears need – 61.53 – 52.46 – <50

https://preview.redd.it/uhiat3bsex271.png?width=7094&format=png&auto=webp&s=2da75e370e793cf5999900ea6d4e0dec784d418a

Thanks for reading,

NightMan

(not financial advice)

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