HSI Update

12 авг. 2022 г.

MFI hit overbought last night and several companies announced they are going to delist from the US after their market closed.

There is a gap in futures, but China doesn't always fill those. Snagged some PDD puts on the gap fill, and added a few on this pump. Will wait until EOD to decide if to bail or add. Despite the delisting news, Chinese ADRs are melting up wit the US market, lol. When the algos pump, they pump everything.

12 авг. 2022 г.

Заметка

Got whipsawed out of my PDD puts, but going to buy puts at a higher strike when HSI fills the gap or EOD. Looks to me like it wants a gap fill and US market is melting up and taking ADRs with it.

12 авг. 2022 г.

Заметка

Gap almost filled but PDD looks like it wants to close at options max pain of $49. Gonna wait until EOD and pick up a few puts for kicks and giggles.

12 авг. 2022 г.

Сделка активна

Snagged some $49 puts when it was above $49, HSI gap filled.

Probably finishes today at $49 or slightly above. Might buy some more EOD.

12 авг. 2022 г.

Заметка

PDD puts.... I don;t trade MCHI

12 авг. 2022 г.

Заметка

If the gov't owned companies are delisting, then it means the govt is going to force all companies to delist from the US. They already forced one company to delist, what's a few more?

I'm not sure China will go down Monday, but stay away from Chinese ADRs. Eventually they'll all get delisted and US stocks are a better play right now anyways.

12 авг. 2022 г.

Заметка

Adding a few more PDD puts EOD because HSI MFI is overbought

12 авг. 2022 г.

Заметка

Added some above $49 again, a bit surprised it's gonna finish below that. Options aside, I guess there were some people who didn;t want to hold over teh weekend with the delisting news.

Anyways, I'm betting on the HSI indicators, not the delisting news. Hopefully I'm right.

15 авг. 2022 г.

Сделка закрыта: достигнута стоп-лосс цена

Right idea, wrong stock. All CHinese ADRs red except PDD. Sucks but it happens every now and then.

The only thing I can think of is earnings next week for PDD, insiders already know the numbers.

15 авг. 2022 г.

Заявка отменена

I should really read the news premarket..... rate cut for China, that explains it