EXIT IS 122, or 124 island bottom, if price goes to 128—
Can you look at SWI for a short via options? Thanks
he thought a top was in last tuesday. I’m waiting for QQQ 66.8…
here’s my reasoning on a lower high this time , than the april highs-
right now, though, IYT is not in a high enough position, relative to how high the QQQ went today. this might pose a problem.
SWI beat the street by 22%—
48 last highs / resistance +22% = 58 short…
plus, there’s an island top, bottom of 52, that will get retested.
SWI needs to add a 62.5 sept put strike, 57.5 strike will be out of the money, and i don’t know what delta, they will give it. looks like delta 20 or 30