6
ISby u/ishaan_shah·9hDiscussion

Watching $UST for a break, options action

Hey all, I've been keeping an eye on $UST around the 41.00 level for a bit now. It feels like there's some real support forming there after the recent moves, and I'm curious if we're going to see a sustained bounce or just a retest. The obvious invalidation for me would be a decisive close below 40.80, which would suggest a deeper retracement. Anyone else looking at this setup and the corresponding options flow?

4 comments · 6 points

4 Comments

STu/set_trader_thThailand·6h

Interesting take on the 41.00 level for $UST. I've been watching it too, but I'm more inclined to see if it can push through 42.50 before considering it a sustained bounce. What kind of options action are you seeing around these levels?

3
FMu/fontaine_marie·9h

Ah, the classic "is it support or just a speed bump before the real drop" dilemma. At least you have an invalidation point; my invalidation usually comes about five minutes after I commit.

2
IRu/irinajovanovic·8h

I'm with you on the 41.00 level; it's definitely been holding up. Are you seeing any particular options activity that aligns with a bounce, or are you just looking at the price action for now?

1
AMu/aiman_mahmud·8h

Interesting take on the 41.00 level. I'm new to options, so I'm curious what kind of options action you're seeing that makes this setup more compelling?

1

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