Tang4 Seon3 Hung3 Gu2 Jau5 Haan6 Gung1 Si1 The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines."Tencent" in Simplified (top) and Traditional (bottom) Chinese characters On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. The Trade: Sell the Dec $95/$90 bull put spread for 55 cents. However, I would adjust to lower strikes if we see RBLX stock fall further. Here are the strikes that currently fit the bill. For a high probability of profit, I usually sell puts with a delta of less than 20, while getting at least a 10% return. Regardless, I like selling bull put spreads once signs of buyers return. Whether that means two or three red days or more remains to be seen. The Tradeīecause Monday was the first day of the pullback, I both expect and hope for downside follow-through. The earnings numbers did show underlying improvement for the business, and management painted a rosy picture for Q4. While traders arguably got too far over their skis on this one, that doesn’t mean the launch happened completely on fluff. That means I bet we see a higher pivot low form above the previous one ($93). I find it hard to see these newfound fans altogether abandoning RBLX stock during the next dip. We’ve continued to see massive volume every day since. 9 earnings response, but it wasn’t a one-off. They signal institutions entering the market and provide a bullish backdrop to price movement. High volume up days are known as accumulation days. As such, we say that they both accumulate and distribute shares. Because of their size, they leave footprints when they move into and out of markets.īuying and selling for them isn’t an event. They are the stewards of pooled capital and have deep pockets. The former includes banks, hedge funds, pension funds, mutual funds and the like. Fundamentally, there are two groups of participants: institutions and individuals. Next up is volume, or the level of participation during the recent surge. Source: The thinkorswim® platform from TD Ameritrade
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