Elliot wave wise, it looks like we completed a full 5 wave impulse move and need to correct down.
Unusual option for a $7 put 7/21/23 1900 contracts were traded today, which could be a hedge for another push up, or a big drop down.
Max pain is $6 this week.
TME can keep travelling in this channel, but a drop below $7 confirms bearish sentiment and we're looking for a drop to $5.50 in the next few weeks.
Unusual option for a $7 put 7/21/23 1900 contracts were traded today, which could be a hedge for another push up, or a big drop down.
Max pain is $6 this week.
TME can keep travelling in this channel, but a drop below $7 confirms bearish sentiment and we're looking for a drop to $5.50 in the next few weeks.