All on the chart .Not claiming to be right , it is very possible that my judgment is clouded by the confirmation bias of me being long put on COST.
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VIX reached TARGET 2 level , TICK also shows lots of selling pressure painting -1000 NAD -1200 levels multiple times today. COST dropped by $6 .
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Selling on the market probably will continue on Friday .
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I was wrong about Friday sell of, there was a definitely nice rag pull for those holding short positions .COST went above R-4 (!) I ended up closing my NOV 17 LONG PUT position at loss.
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Bought few OTM long puts of NFLX with November 17 expiration at the end of the trading day.
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Will see if VIX will bounce from "sell to buy" zone (marked on the first chart)to the upside on Monday and potentially trigger NFLX sell off or even a gap down
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VIX created a gap to the upside and formed a new HL, let see if VIX will move above strong resistance at 15.61 .Still holding OTM long puts on NFLX
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VIX bounced from the bottom of "sell to buy" zone , possibly ready for a big move to the upside on Friday .COST got $27 rag pull move to the downside . Wondering if NFLX will follow and make a big move down to $418-$405 zone .
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