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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Qone0 who wrote (83096)12/5/2023 9:46:45 PM
From: Sun Tzu1 Recommendation

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ajtj99

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Here's another one. Before reporting, SHOP was below the green line ~48.5. So your 0DTE to get is the blue line @54.75. And the low of the day was 55.51 just above the blue line and it actually went to make it to the red line. Not sure how Scott's would have handled this.

If you wanted to do a strangle, then your put should have been at 41, as drawn on the chart. And you can also see a symmetry here because the low of the day and the put strike are both ~7 points away from the close.

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