I was going to sell, but for some reason
Posted on: April 3, 2020 at 00:09:51 CT
scif MU
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...I couldn't get it to execute on my phone, and then I got busy at work. I'm not too concerned, since I think it probably won't reverse immediately. It was annoying, though.
With volatility so high, it made sense to me to take a position and sell options on both sides of it. On the way down, the price action was against the Bolinger bands, but it appeared to be forming another bottom well inside the bands.
Who knows? Perhaps it will crater tomorrow. But either way, I'm collecting a fat premium on both the call and put options.