Mar. 25 at 8:34 PM
$IQ
This is front running the move. So just know this isn't something of a confirmation "It's ready and go" move. However, in trading your best risk reward is if you get in early, that keeps you close to your "get out location" aka Stop loss.
Either way, I used to make really good money playing options on this, and I have just been waiting for it to show some kind of sign of a turn.
The daily candle gapped up premarket and never retraced. You see how it's floating above the previous candle? Often times that is a precursor to a reversal, and sometimes a massive one at that. I will be buying leap (Call) option contracts of the
$1.50 strike. Looking at the Jan, 15th, 2027 expiration.
