On Watch 9/26/19 from Dante

 

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PHAS: Pretty sure I’m seeing this clearly. Morning chop, lull squeeze overstaying shorts, got rid of them into 2pm, then some covers into close. Not expecting much more out of this tomorrow, especially if the vol dies, which it should. Higher the better out of gate, and if the chat rats hop on it again like this am, very interested in the short 5.30+, otherwise anything under 4.75ish for me would be hitting pops ss. No interest long.

FRAN: Impressive today, didn’t expect that. Offered a nice morning short into the 14s, but patience was punished. Probably should have expected that with all the eyeballs on it into close yesterday. Watching the 14 o/u area for backside, will probably leave it alone anything above that, as it proved today they can sit there and bid prop if they want. It’ll unravel soon and be an easy short day in the near future, just keep eyes on it and don’t fight. Again, sub 14 will have me interested in hitting pops with a 14.50 o/u risk.

OVID: So as discusses yesterday, this had a nice setup potential to stick around and head higher, which it did, just not quite in the way I expected – thought we would see a nice power move over 3.50. The slow grind was interesting. At this point it’s not too intriguing to chase short anywhere over 3 o/u. but also feel the since we didn’t take off when we got above 3.50 today that we’re probably never going to, someone was there with supply. Looking for a higher the better move out of the gate & interested in the short mid morning. Swing type with a good entry.

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See you out there!

– D