Heavily shorted and increasing short float. Lower market cap for an optionable asset. Before May 20th, we could see an increase of at least 100% (ATM option price) as some shorts cover. Using options so time is the only SL.
Comment
⋅
100% target has been reached Would normally sell half position to recoup initial capital invested but price action is strong Small pullback is expected before final run up
Comment
⋅
Not a fan of purchasing higher but position has been doubled @165 strike Expecting price to start moving quickly to the upside in less than a week
Comment
⋅
Should've taken break even Will take a new position either @$93 or on May 20th
Comment
⋅
Due to macro envirnoment, half position has been sold for a small profit