Money losing company with no growth. Seems to alternate between gapping up and down on earnings, which would indicate up, but the price level tells me down.
So I'm shorting it. Wish I had bought way more puts earlier this week, a bit expensive now.
So I'm shorting it. Wish I had bought way more puts earlier this week, a bit expensive now.
Trade active:
I had both #12.5 and $10 puts, closed the $12.5 puts since I've already made enough money to pay for the $10 puts. Worst I can do now is break even if it doesn't tank.
It would have to tank huge for me to make any money though, since I'm in $10 puts, but I'm taking the safe play since I know nothing about this company other than it loses money every quarter.
It would have to tank huge for me to make any money though, since I'm in $10 puts, but I'm taking the safe play since I know nothing about this company other than it loses money every quarter.
Trade closed manually:
DOne watching this, I guess I should have sold the $10 puts and bought back into $12.5, but whatever. I have bigger plays to worry about.