๐Ÿš€ BB to the ๐ŸŒ BABY ๐Ÿš€

BB – 6/14 Read – Bullish – Neutral

5-day SG Read

  • Call total – 30% increase (5/25 – 5/28) (A larger call position infers more bullish activity.)
  • Put total – 27% increase (5/25 – 5/28) (A larger put position infers more bearish activity.)
  • Total gamma – 31% decrease (5/25 – 5/28) (A negative gamma position implies higher volatility in the underlying stock.)
  • total delta – 307.865% decrease (5/25 – 5/28) (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 increased to 10
  • 25% of total gamma expires on 6/18 (When a large amount of gamma expires (generally >25%) then the underlying stock may shift away from current prices.)
  • 16% of total gamma expires 6/18

https://preview.redd.it/a25x7xmqp9271.png?width=3122&format=png&auto=webp&s=9da0d0667045f715e33a691496e341f116e3fa2f

TA Notes:

1d timeframe

  • Been consolidating since end of March
  • Broke out of consolidation area on Thursday
  • Found major resistance around 12.

https://preview.redd.it/wp7rdt5z6c271.png?width=2998&format=png&auto=webp&s=0887c9dbc748322cea5fb16f76766e809194769f

65m timeframe

  • Support @ 9.47 (25%) – 10
  • Look for resistance @ 11.24 ish (50%)
  • if resistance breaks, look for bullish ๐ŸŽฏ – 12.04 (61.8%) – 13.16 (78.60%) – 14.60 (100%)
  • If support fails, look for bearish ๐ŸŽฏ – 8.70 – 7.88 (0%) – 6.70.

https://preview.redd.it/3975shbg6a271.png?width=2998&format=png&auto=webp&s=aeff686ac09bfb0274f82e0c9bec0dedf60812cc

1d MACD

  • Crossed on 5/17
  • Expanded this last week.
  • Crossing 0

https://preview.redd.it/t2u1s8597a271.png?width=2998&format=png&auto=webp&s=de438de0a9544142015eebeddc2428012b156c55

Volume starting to pick up again…

https://preview.redd.it/pxgteixy9c271.png?width=1334&format=png&auto=webp&s=c15d62f249c434c8cb403967bcfed5e9885b73fd

Ratios of puts/calls

  • 6/04 – 6/18 really bullish
  • Need to see what data comes in this week to see if sellers enter.

https://preview.redd.it/nftlfcq4ac271.png?width=1318&format=png&auto=webp&s=076bbfeed3d80ebffdd66f5aa508eba31ed6761c

The shorts are here.

https://preview.redd.it/obireurvac271.png?width=2002&format=png&auto=webp&s=2653e44b6efa36d049bbf6868322a4c4f9a0f156

https://preview.redd.it/aqn0qgsrac271.png?width=1994&format=png&auto=webp&s=f05c503ca58ce39ff9087129adab0aa030a89aaa

Looking at 12c 6/18

Thanks for reading,

NightMan

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