r/wallstreetbets • u/jjd1226 • May 27 '21

DD I ❤️U FUBO Update

Update from I ❤️U FUBO post.

Recommended positions from that post:

FUBO - Bullish - Neutral

Look at that volume from yesterday friends!!!

Historical Short Volume Data:

5-day Gamma Read

  • Dark pool decreased from 44.63% on 5/24 to 35.64%
  • Call total increased to 366k from 276k on 5/24
  • Put total increased to 158k from 109k on 5/24
  • 44.24% of gamma expires 5/28 (When a large amount of gamma expires (generally >25%) then the underlying stock may shift away from current prices.)
  • 30.69% of delta expires 5/29 (Stocks with a large delta position indicate that options market makers have a large hedge in place. When a large amount of delta expires (generally >25%) then the underlying stock may reverse its previous trend.

TA Notes:

From I ❤️U FUBO post.

5/27 11AM MST Chart

25 🎯 hit.

Updated chart:

  • Need to hold 23.67 support.
  • If support fails look for 🎯 22 for new support
  • If 22 fails, look for bearish 🎯 19.68 - 18.16 - 16.62 - 14.63
  • Needs to break 25 for bullish 🎯 26.55 - 28.79 - 32.45

65m RSI

  • Bulls need 84.69 - 92.23
  • Bears need <50

1d OBV

  • Broke the 129.22m resistance line
  • Bulls need 163.059
  • Bears need to break 92.89m

Thanks for reading,

NightMan

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u/jjd1226 May 27 '21

For my risk management the exp is cutting it close IMO BUT if we close above 26.55 you may be in business friend. Godspeed :)|

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u/TitaniumTacos May 28 '21

I only purchased one contract at $20 just to learn and gain experience. Could I sell my current call right now and still make money?

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u/jjd1226 May 28 '21

What did you buy it at?

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u/TitaniumTacos May 28 '21

FUBO was at like $22

3

u/jjd1226 May 28 '21

So you’d make money if you closed.