from a ta perspective, there's a large bear flag on the weekly chart. price is currently in the flag portion so 1 of 2 things will happen: flag will break down in which case price could retest lows or price will head back to the top of the flag area which is roughly 35ish. the post er implied move is +/- roughly 16%.
nice. i would take some profits. most of the decline came from the iv which has dropped roughly 18pts.
that's gutsy. anytime iv is as high as it is here, i like to sell premium but i prefer spreads. the gain will be capped but so will the loss if it moves against me. the negative option skew doesn't always mean it is definitely going down, it just means more people BELIEVE that is the case hence the demand for puts is higher leading to the higher iv/cost.
these continue to move up nicely. gpro is struggling but saw its first close above 13. there is an inv h/s tgt 14.40ish once 50dma clears.
and there is a gap around 1990ish. don't u love dbl bottoms? lol
rut is roaring back after holding a longterm monthly trendline, 1063 key lvl.
above that 1080ish is another big one. 1075 is a 50% retrace of harmonics
i see on wkly so watch those lvls for pullback/consolidation.