When You See A Double Top Like This What Should You Think?

The stocks is Moderna. It is having a good day and the markets are strong.

Let's look at it's Calls and Puts.

What I see is a $.50 spread on the Calls and a $1.15 spread on the Puts. I would think the spreads on the Puts are wider because they don't trade as often.. Lets look a few minutes later and see what the next Put options traded at.

... Now this. See the little wiggle in the chart. I am waiting to see if the stock might start to sell off. At this time in the morning they sometimes do.

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So basically a grind for an hour. It continues to be a strong market.

Here is how the markets closed. They closed strong.

So just get out especially if you live in the U.S .and can trade commision free. In Canada commission rates are getting better than they where. Why take the risk of fighting a strong opening?

Check back tommorrow to see what the "open interest" is. That will show us that most traders got out. With longer term options people don't have to trade in this fashion. Here is it's final one and five day charts.

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It still look like it wants to go higher.