By the way, the buyer of U 200 Calls on Monday sure does look smart.
$2.10 next up...
I was active on a daily basis in this market for many years. Began in late 1999 (so I missed the 1997 frost and market spike) and stepped away in 2019.
Have been again watching the market the last few months but have not participated in this week's move. To all trading, hopefully it's been a profitable week.
I would say it's best to remain sharp and trade with caution. I suspect this market will be providing many different opportunities in the coming months, so no need to get caught up in the FOMO (Fear of Missing Out). While markets like this tend to turn a blind eye to some of the technical levels, IMO, it is still worth putting in the technical analysis.
Things could really get interesting in fact more cold is in the forecast. That leaves one question that may or may not have been addressed earlier this week. Monday, the market sold off in tandem with the broader financial markets. Then came Tuesday and here we are over 37 cents higher (22.2%)! Did the forecasters miss this one or was there a strong likelihood the cold front would be as intense as it came to be?
Good trading !
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