chinawildman

perfect bearish shark

做空
chinawildman 已更新   
NYSE:DG   Dollar General Corporation
I hate gambling on earnings (in 2 days) but with how much the algos have respected the pattern's PRZ in the past month and money flowing out there's something going on here... Gonna roll w/ Apr 110 puts (pretty cheap) here and see what happens.
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Did I mention this is sitting at the top of its current long term channel?

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Thinking of a lower risk way to play this one. A fall on earnings puts it in the PRZ of a smaller bullish shark with good chance for a 50% retrace DCB. I'd buy the DCB, then close longs on the 50% retrace of the smaller shark, and start shorts there.

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Missed as expected. Decided to go w march 15 120s instead of the OTM. Will TP around 110 and possibly scalp the DCB then reshort again near 114-115 if it gets there.
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Gap filled, profits taken, scalps bought. Looking for retrace back to 115 in 2 weeks

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Dumped 2/3 of scalps today near close, didn't wanna get too greedy on weekly calls. So far this thing's right on track tho market might take a dump next week...
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Took remaining profits today at 114... will short at 115+.
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Wish I kept all my weeklies from 110-111 but oh well. Started some shorts here at 115, let's see if it spits it back out.
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Entered last batch of puts at the .618 retrace. If it goes any higher here I'll just take a loss on the puts and go long because it will almost certainly gap fill at 120.

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