Space is a volatility game. You buy options when it's all nice and quiet and sell them to profit from increased IV. Another strategy is to buy shares at these prices and sell options at the top. Either way you play this stock, you will need volatility to profit from your options swing trades.
On this chart, you can see SPCE sitting right above a major support forming a tight consolidations, which has been going on for weeks now. MACD shows different periods of consolidations in the past and the volatility that followed. There is also a gap to be filled at 31.
There are a couple of upcoming catalyzers: 1. FAA re-approval 2- October flight. No matter which way it goes, the volatility is about to go up very soon. Historically, SPCE has gone up after these tight consolidations. But is it going to hit 53 or would max out at 35, that depends on the hype behind the next flight.
Another possibility is 73!
On this chart, you can see SPCE sitting right above a major support forming a tight consolidations, which has been going on for weeks now. MACD shows different periods of consolidations in the past and the volatility that followed. There is also a gap to be filled at 31.
There are a couple of upcoming catalyzers: 1. FAA re-approval 2- October flight. No matter which way it goes, the volatility is about to go up very soon. Historically, SPCE has gone up after these tight consolidations. But is it going to hit 53 or would max out at 35, that depends on the hype behind the next flight.
Another possibility is 73!
