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hungry_hippo
Apr 2, 2020 5:53 PM

LPSN Short Short

LivePerson, Inc.NASDAQ

Description

Crap always tanks on earnings, every shareholder knows it by now, expecting this to double bottom BEFORE earnings. Couldn't hold the gain today (most small caps didn't), so I entered into April puts.

When in doubt, short garbage.

Comment

Option premium now covered, anything below here is profit now.

Gotta be careful with these low float no option liquidity stocks, a lot of times you're be selling at no premium when you're in the money, so only trade low liquidity options when you're sure it'll get under your strike minus cost.

Comment

*you'll
Comments
abhishek0589
It came back very nicely with more than 200 percent gain
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