11:35am (EST) We have a New Trade this morning so let’s get on it. New Trade! SoFi Technology (SOFI, $14.15, up $0.22) Sell to Open SOFI January 17 calls (SOFI250117C00017000, $0.55, up $0.05) Action: We are suggesting buying the stock at current levels while selling the SOFI January 17 calls for every 100 shares bought. […]
Author Archives: nextopti
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“At some point this month, or next, RSI levels will likely give hints of when the market is topping, especially if 70 holds in the upcoming week. This would then be considered the start of a back-and-fill process following last week’s breakout to higher highs. The key for the bulls will be to hold fresh […]
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Once again, the action on the Volatility Index (VIX) was money after the close below 20 AND 17.50 on Wednesday. The prior Thursday, Friday, and Monday peaks failed to clear 24 which would have been a bearish signal ahead of the election. Tuesday’s low on the VIX was at 20.20 and basically a half-point close above key […]