Every dip is a buy until the gap fill is met at 400-402. This may drop to 385.5-387.0 but at 391 is a great chance to reload some calls. I added more 09/16 calls deep ITM. This price action is a scalper's dream.
I dumped half my calls when it wicked 400 a few days ago it was an automatic order so it got filled. Still holding the remaining half and added more calls today at 391. I will add more calls if it drops more.
This is why I tell people to stop buying weeklies. If you bought weeklies theta and vega is crushing you. All my options are holding their value nicely because I stay away from weeklies.
I dumped half my calls when it wicked 400 a few days ago it was an automatic order so it got filled. Still holding the remaining half and added more calls today at 391. I will add more calls if it drops more.
This is why I tell people to stop buying weeklies. If you bought weeklies theta and vega is crushing you. All my options are holding their value nicely because I stay away from weeklies.
Trade closed: target reached:
Target reached again. Closed out all calls to make this a great week. Post any comments or questions you have!