/biz/ - Business & Finance

>>49961664
>>49961649
Yes, that's what I meant. Not sure how you took that otherwise.

>>49961670
>>49961631
Here's the chart for CHPT, which I have been following for a few weeks. The yellow dots are from big plays from two weeks ago. The current contracts from today are in that same ballpark.
Basically, it looks like they're straddling the top of the channel, expecting it to drop down over the next week. I have high confidence in that, but it's not a guarantee of course. Also note that the plays are all before earnings - the smart money doesn't want to play ERs, too unpredictable.
The first yellow dot were calls sold for 16.00 strike - CHPT closed at 15.46 today. The MACD and STC seem to show an upward trend, while the RSI indicates that it is neither overbought or oversold. But we also just had several green days, so a red day or two will basically force it to stay in the channel (which it also didn't break out of this time, like a few candles briefly did)

Anyways, I'm rambling, but this is the kinda shit I look at in addition to the flow itself