Thanks Steve. This is exactly where I'm at, with C being a multiple of A in price.
My thinking is that this is consistent with a decline in the I1 for a few weeks from here, and that chart that Shabs came up with shows how unwise it would be to bet against I1.
Unreal how far the market will push those of us with a short bias though!
cool. I like this count even better!
ReplyDeleteThanks Steve. This is exactly where I'm at, with C being a multiple of A in price.
ReplyDeleteMy thinking is that this is consistent with a decline in the I1 for a few weeks from here, and that chart that Shabs came up with shows how unwise it would be to bet against I1.
Unreal how far the market will push those of us with a short bias though!
Josh
Josh
ReplyDeleteHope you got in today on the short side.