BB- MEME PLAYS SENTIMENT OF AMC
VOL 80MIL, RVOL 5.61, ATR .66
This was pullback trades, I was shorting it to the downsides, eyeing 10.76 which half bar, of daily charts. Idea if the the 10.76 act as resistance this could go further down. As the trade develop it did not break it and made new low LOD 10.52 were stubborn to break. It surges above this level. Buyers and weak selling in the volume bars starts to appear. Held a bit longer thinking it would go lower but its starts reversing and reclaiming back its resistance 10.76. Plus the RVOL were high in this one. So it filled the gap, tape were trappy, which I should always avoid the trade altogther whenever I see these. Learned how to trade future trend reversal using LOD and HOD as my signals.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-06-01 09:34:43 | JUN04 21 10 PUT | buy | $0.4400 | long |
2021-06-01 11:19:48 | JUN04 21 10 PUT | sell | $0.3700 | long |
2021-06-01 11:19:48 | JUN04 21 10 PUT | sell | $0.3800 | 0 |
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