The market opened again on Thursday in a volatile manner. Stocks opened lower and bounced vehemently after the first 30 minutes. We quickly got out of GME puts that we entered yesterday for an overnight profit of +34.45%.
As things started rise, I noticed two stocks going higher fast: one is FB, and the other is GME. Yes, GME quickly turned higher, and traded as high as $108, from yesterday's close of $81. We went in for a quick day-trade and quick booked a profit of +59%
FB went from an opening low of below $185 to an quick pop to above $198, a quick $13 turn-around. That trade on the calls gave us a profit of +48%
Now, as I write, the market is trying to find a direction. After 4 days of consecutive selling, a gap down brought the buyers back. SPX is finding a soft support at around 1910. Let's see if it holds. We are likely going to see some wild swings in the next few days.Good day and HappyTrading! ™