Overbought on daily, no growth yet somehow has exploded the last couple of years.
3 weeks to drop $7 to break even on $320 puts.... I think that'll happen, lol.
Puts for earnings on this gap fill
3 weeks to drop $7 to break even on $320 puts.... I think that'll happen, lol.
Puts for earnings on this gap fill
Trade closed: target reached:
Just flipped my puts so I don't have to watch the market the rest of the day. More or less at my target, old resistance is new support.
Hey, I'm 2 for 2 this earnings season, lol.
Hey, I'm 2 for 2 this earnings season, lol.
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Options premiums predicted a 5.9% move and it's already hit that threshold, so could go either way from here.
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Expecting this to bounce tomorrow, if it hits $297.5 I buying puts again. Can't believe the ANALysts were pumping a cosmetic stock during a pandemic, lol. Skin care sales were up but cosmetics down, imagine that.
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The most hilarious thing about this is that there were some huge block purchases Friday afterhours, including blocks bigger than 1k shares and they pumped it above $321. Those idiots literally lost millions when they woke up this morning, lol.
I've made some bad trades, but chasing a stock AH the day before earnings isn't one of them.
I've made some bad trades, but chasing a stock AH the day before earnings isn't one of them.
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LOL, hit $296 but I didn't get a chance to buy puts because I was busy flipping other puts.
I read an article on this.... forward PE was 45 before earnings and historically it should be around 28. So possible 30% downside from the peak which means it could easily hit the 200DMA and fill the previous earnings gap.
Keep an eye on this one.
I read an article on this.... forward PE was 45 before earnings and historically it should be around 28. So possible 30% downside from the peak which means it could easily hit the 200DMA and fill the previous earnings gap.
Keep an eye on this one.
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Not gonna short until tomorrow because I think teh market is going to bounce up
Trade active:
I lied earlier, lol. Started a short position with $300 puts, will add tomorrow at the gap resistance if it makes it that far up.
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Adding puts at $305 if it gets there tomorrow, if not I ride this out for a coupe of days
Trade closed: target reached:
Taking the easy beer money here
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Probably just moves with the market from here. Done playing with this, made some decent money though.
I think the market bounces up a bit before close, good luck Monday