NUKK was a good one on the long side today. Great way to use the room to your advantage. Nate and Judah putting the name on radar and then forming your own thesis and plan around it based on how you read the action. Lots of people will have tons of random indicators on their charts, but I prefer to get information from “living indicators” (great traders who have a talent spotting set ups and special situations) and then piecing a trade together if it fits into one of my own set ups.
The combo of small market cap, high volume, trappy action, recent reverse split, and lower volume looking left = not much actual resistance even tho it looks like there would be (all the longs were already washed out and the stock was at lows and then rebounds a tad and looks like its up a ton so gets majorly trappy).
TSLA action was expected today with it being early in the week and IV was high so when it slips it tends to just chop vs an actual unwind because there is still bullish option flow so it becomes a battle of IV droppin while calls still get bought so lots of back and forth until it gains momentum again.
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