PLan to buy a couple of put contracts for earnings at close, earnings tonight.
Stupid that this is going up when the company loses money and every company is going to freeze spending. Expecting a "sell the news" event but If it goes up on earnings, I'm buying next week's puts tomorrow.
Every money losing company is getting hammered, this should be no different.
Stupid that this is going up when the company loses money and every company is going to freeze spending. Expecting a "sell the news" event but If it goes up on earnings, I'm buying next week's puts tomorrow.
Every money losing company is getting hammered, this should be no different.
Trade active:
Decided to dip into a couple of contracts since it looked more like a gap fill than a rally.
Will fade the gap if this gaps up tomorrow morning.
Will fade the gap if this gaps up tomorrow morning.
Comment:
Note: This will go up tomorrow if the market goes up, so keep the position small with room to fade the gap if it does go up.
Comment:
Solid beat at $.21 but that still puts them at PE of 150. If the market was melting up this would probably be at $150 right now AH, but I'm guessing it just trades with the market direction tomorrow.
Right now NQ1 is up 2% so is COUP.
Right now NQ1 is up 2% so is COUP.
Trade closed manually:
Flipped the puts on the morning dip for a small loss and called it good, easier plays out there today.