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Thursday into Options Expry-Nov 18, 2021

Good morning, All. Our swing portfolio has been quite active as I travel and today, we will cover the short put spreads in NVDA to free up trading capital as the company did so very well and traders are responding with glee.

The broad market is trying to break out of a formation that is still broadly sideways. Without a strong catalyst of some kind, we are likely to fall into the doldrums of range trading.

Our levels remain intact and very useful for the current cycle. If you see the retest of 4697-4694 during trading hours today and we bounce above, we are likely to head back to recent highs -otherwise, we are looking at the sideways patterns noted.

NOTICE THE TIGHTENING RANGE -use caution with size