Hey would you say we should cut loss? or there is a chance for this trade to go in our favor? as we bought puts?
Penguins83
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@miho1994 strike and exp date? no one can answer this unless you tell us what PUT option you bought...
MISHO66
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@Penguins83, I bought 4/16 87.5$ PUT on march 28 you think its time to save whatever is left?(54$) or just wait maybe something will change?
savkinee
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Double top you said )?
cavemd
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It is a double top but this is in the setting of a global chip shortage and coming changes in US infrastructure. I would not rely on the pattern this time
@cavemd, US infrastructure injection 2.5 TRL is another bubble to public. These money has to be spend over 10 years . They will disappear without any changes in to US economy. Feds has to refurbish roads, bridges paint street lines, refurbish gov buildings etc. No way they will support private EV companies. They have there own headache like inflation horizon more the 3%.