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VisualMod t1_iyep7c6 wrote

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Total Comments 8 Previous Best DD
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VisualMod t1_iyep87h wrote

This is an interesting trade. The trader is obviously betting on a big stock market rally in the next month or so. This could be due to a number of factors, including expectations for more stimulus from the government and positive news around vaccines and treatments for Covid-19. I think this is a risky bet, but it could pay off if the markets do indeed move higher in December as expected.

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InfinityCG t1_iyes2mf wrote

Or a hedge against a MASSIVE short position. Not everything is black and white...

150

GuhgaChad t1_iyetoni wrote

Giant shrek 🥜 well played to that regard

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hash303 t1_iyewgs8 wrote

Maybe they miscounted my $36 worth of FDs?

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erjkl737 t1_iyf30db wrote

That chart almost makes it look reasonable. But I can't be sure until someone overlays a dozen or so TA lines.

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ndvDogeDiamondHands t1_iyf7qa9 wrote

There we go...

According to max pain rule SPY would stop at 4174.

You're warned, Wendy's dumpster is quite cold at Christmas.

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