Tim Knight Sees a Staggering Amount of Downside Still Ahead

Tim Knight's clearest bearish statement of the week, and he has a reason behind it. Going chart by chart, so many names still have most of their recovery intact that he sees a staggering amount of downside left before anything genuinely unravels. He's carrying 48 short positions, enough that he jokes he overwhelmed himself so he can't cover them all, and says the only thing stopping him closing his puts is being on camera. The same level has repelled price three times this week. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 A good down week to end on 00:40 Watching the PPI print 01:20 Right at the supporting trend line 02:00 Why he almost closed the puts 02:50 Four of the last five Fridays 03:30 Forty-eight short positions 04:40 Into the charts 05:10 Three times repelled at the same level 06:00 Each bounce peaking lower 06:40 Why the downside is staggering #tastylive #timknight #tradingcharts #bearish #shortselling #semiconductors #resistance #technicalanalysis #optionstrading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.