Honestly I don't with the election right around the corner, I currently do not have a strong long term bias, I am taking it week by week at the moment. My gut says we sell, but it should lead to a good dip to buy.
Aggregate Vanna has some interesting strikes with a lot of positive Vanna down at 465,460,450, and 441, not sure if we ever get there, but it could be in the cards and would not shock me.
I think that 530 is a realistic target based on what we have already seen this year, I want to see how the first two weeks of November go.
I really appreciate the analysis. The Q's are all that I trade.
Targets are difficult, I understand that, I have a spread 485put short 530call December 31 exp.
Do you think we have a meltup/chase at the eoy?
I may adjust my call side.
Thank you.
Honestly I don't with the election right around the corner, I currently do not have a strong long term bias, I am taking it week by week at the moment. My gut says we sell, but it should lead to a good dip to buy.
Aggregate Vanna has some interesting strikes with a lot of positive Vanna down at 465,460,450, and 441, not sure if we ever get there, but it could be in the cards and would not shock me.
I think that 530 is a realistic target based on what we have already seen this year, I want to see how the first two weeks of November go.