LB Short

Is the bounce over or gap fill?

Dying brand but dividend is still 4% even after they cut it in half. Seems like it ought to drop a buck or two in the next week.

Comment:

Added more puts at the gap fill, momentum is dead even on a big up day for the market.

Hoping to snag a buck or two before the end of he week, then I'm flipping the puts.

Trade closed manually:

Decided to clear out most of my puts on this market tank. Expecting it to bounce for a day or 2.

Still room for this to go down though.

Comment:

LOL, I was right. Look at the arrow.