Weeklieswednesday
FAS weekly bull put spread / possible condor. 117/116 weekly bull put spread .09 limit
I will only look at this spread if we closed below 120 on the hourly.
Look to leg into a 129/130 bear call spread. IF you do both legs together, .15 limit on the condor expiring this week. I would not look at bear call spread unless FAS closes above 127 on the hourly.
Could consider buying a shorter term call if FAS breaks 125.11 resistance.
Potential weekly spread on TSLA197.50 / 195 bull put .20 limit. (could also consider this spread IF tsla breaks the 206 resistance tomorrow.
(might even be able to do one higher)
I would not even look at this spread unless we close below (or gap below) 201 on the hourly.
Line in the sand to consider unraveling/exiting is 199
If TSLA does have a slight roll over, could consider the bear call spread as well - keeping an eye on the bull put.
GMCR weekly Iron Condor I would not even look at bear call spread portion unless we close above 120 on the hourly. 121 is the line in the sand to make a decision. (this spread goes along with the daily moving averages.
On the bull put spread portion, I would not even look at spread unless we close below 116.50 on the hourly. 114.83 is line in the sand. I'm basing this spread on volume and candles.