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Zash

$BBIG into EOY... waiting on the right combo of VOL and NEWSHey besties, OMG! The current downtrend hit the 1.2 extension, possibly indicating a completion of the measured C-wave move...!! Mmmm k, but so what? Truth is, any squeeze of BBIG won't happen without two things -- 1. A strategic drop of notable PR and... 2. Volume A big increase in daily volume (we're talking a boost from like 8m to 30m+) won't happen until Teddy Farnsworth and his buddies maneuver their own portfolios accordingly. Then they'll drop PR, all the sudden BBIG will trade 60m-100m shares in day (lol), and we'll get price action... blah blah idk ANYWAY moving on... Let's peek at current option volume/OI for the end of November... For this Friday 11/19 (total call OI is 186k) -- max call pain is 5.00 (24k OI) and it's safe to say those will expire OTM and whoever STO those calls will keep all that premium. good for them. For 11/26 (total call OI is 32k) -- max call pain is 4.00 (6k OI) but 4.00 is ALSO max put pain (1k OI)... my crystal ball* says next week we stabilize above 4, but don't finish above 5. Low volume holiday week, etc. *my crystal ball is an old glass eye I found in the trunk of a rental car once. Then we're into DECEMBER! I'll come back and give an update after Turkey Day or something. kbai patrick
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by psc230
1
$BBIG 2 months later... A look forward using Elliot WavesWell, well, well.... Here we are back with our old toy -- $ BBIG . It didn't take the easy route, that's for sure, but it's ended the week right where I said it would back on June 26th. LMAO. Now we finally have a clean breakout of that weekly triangle, and 10 dollars isn't far away. My 5c leaps for Jan 2021 (which I bought in May/June) were up 600% on Friday. Could we have another SPRT situation? Surely not......................... right ?? Sincerely, your best bud patrick.
BLong
by psc230
19