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HOOD in a very large pennant, squeezing tighter and tighter. The top had 5 bounces and the bottom had 4 bounces. The last bounce off the top was very violent with a huge wicked indecisive candle followed with a large, 9.4% red candle, going to the bottom of the pennant two days later. Along with the bottom of the pennant, there was a support at 8.34 that price respected with a bounce. Finally, the general market was flipping to a  bullish chart and debt ceiling was adding volatility to the market. The recent big red candle also made a FVG that HOOD would want to go up and fill, helping me create exits.

Super strong resistance was being tested the day before. Along with the resistance, the zone above is also strong but no way I take puts below the resistance at 64.44 so I waited for a drop below that with volume close to the opening of the day. I entered a put when I saw the volume come in after a retest of the zone above 64.44. Played it down to a small support.

Bearish pennant on higher time frames ( 1 Day, 4 Hour, and 1 Hour timeframes). The market was relatively weak today along with rising IV due to CPI coming up and, specific to RIOT, earnings tomorrow, adding volatility. RIOT gapped down pre-market and was very weak on the day, it then broke the pennant along with a zone with relative ease and high volume. I entered puts here and it pulled back upwards immediately, but it didn't tap my stop loss which was right above the bottom of the zone, so I held through. Ended up going down and I closed the position for about +15-20%