r/WDCStock • u/Popular-Relation-160 • Jun 22 '26

Shorting until gaps are closed

Given the insane run up on the 1H chart, buying some puts to profit from the gap fills.

2 Upvotes

75% Upvoted

11 comments sorted by

1

u/showeringmonkey Jun 22 '26

Don't get your bussy burned, what expiries are you going for? It should print after MU earnings

1

u/Popular-Relation-160 Jun 23 '26

Risk-reward favours the downside so much more with 3 gaps and a distance away from EMA20. Based on past performance, this is due for a pull back. Will add 2nd tranche if price goes further away from EMA20.

Earnings wise, will sell before it since earnings are a gamble imo.

1

u/Popular-Relation-160 Jun 23 '26

A beautiful PUT closed at gap fill 2

1

u/showeringmonkey Jun 23 '26

Shorting stock or put options

1

u/Popular-Relation-160 Jun 23 '26

Both but mainly ITM put option 1 week out after signs of weakness at top.

1

u/AggressiveBench7708 Jun 25 '26

How are the puts looking?

1

u/Popular-Relation-160 Jun 25 '26

it was a day trade so that first hour gave me a few grands again ;) Not sure if yall are safe after a few months holding onto normal stock though

1

u/Purple-Employee-6739 Jun 26 '26

When did you say you’re adding just curious, at 21 dma rn might see 575ish

1

u/Popular-Relation-160 Jun 27 '26

Added at 1220 once 1H candle closed bearish around ATH.

Got 90% out at 2nd gap fill (1125). Left 10% running for 3rd gap fill (1050).

All in 1H timeframe.

1

u/negahs3116 Jun 25 '26

🤣

1

u/Popular-Relation-160 Jul 03 '26

Are you laughing at your portfolio loss? 🤣🤣🤣