No trades in the $.80s, FB tanked and my brain was being stupidly slow. If only I was that OCD teen who figured out all the video game patterns. Let the final 5 contracts burn to $.19, kind of stupid.
Take's a real genius to ride the last contracts down to $07, lost $480 on that mess. Gained decent on the whole trade though.
They appear to be setting the market up for a gap down on Monday. The prior low may not hold on the SPY.
It reminds me of 2001-2002, the fake up days only to drift or collapse lower. When will the churning sideways days start?
This week has been entertaining for sure, and proves that shorting strangles/puts on even bluechips is still risky, as NutFlix showed, and broke many traders. I'm going to be rolling THAT one for years, hehe. Have fun mate, enjoy the ride.