As I did last week, in the interest of making the posts shorter, I’m going to just post my best idea for the week ahead today, the unusual options flow that goes with it, the charts, and an actionable way to play it.
Ok then it sounds like my understanding is correct that it’s not a short term bullish move. Actually I was also wondering whether it makes sense to scale into put sales at lower share price levels if the charts are showing a potential further drop to 15/16. Put premium will be higher too. Hope this makes sense, I’m enjoying this learning process
I don't see it in the table but similar to the July 2024 calls, there was 16,059 of volume on the $25c for Jan 2024.
So that was a call calendar, sold those to buy further out
Wow selling calls to buy more calls? That’s really bullish!
More selling shorter term to reduce basis on longer term
Is it actually more bullish if you are paying more premium to buy more time on your call position ?
Well they are making sure they’re right on the timeframe that is all
Ok then it sounds like my understanding is correct that it’s not a short term bullish move. Actually I was also wondering whether it makes sense to scale into put sales at lower share price levels if the charts are showing a potential further drop to 15/16. Put premium will be higher too. Hope this makes sense, I’m enjoying this learning process