Call buyers showed up in the first 30 minutes of trading today to pay UP for Call options just in time for the stocks underlying their calls to plunge in value.
Well, I can presume that this is the perversity of the markets and the better question to ask yourself is "HOW DO I MAKE MONEY FROM THIS PATTERN?"
Due to other duties outside of posting to this blog, I missed posting a sell signal at this morning's opening 10AM trading window. Remember, we watch the first 30 minutes (9:30-10:00) to watch and wait for a trading setup.
Either way, at 10AM a very clear sell signal was in place and it worked for well over 1 pt down in the DIA.
As of 12:21PM now - we are inching towards a very low risk buy signal, much like yesterday's buy signal which was really just a resting period before the next leg down.
Either way, we can take a shot at this trade because it will work some of the time and enough of the time to warrant the risk taken.
Pay close attention to the next entry.
Be well.
12:23PM DIA 88.47 last
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