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hungry_hippo
Feb 6, 2020 9:50 PM

MYGN Tank 

Myriad Genetics, Inc.NASDAQ

Description

I thought about it and didn't publish this because my earnings plays for today didn't play out like it should have. CENT and USX both lost money but apparently "beat estimates", which is hilarious when the estimate is a loss. You'd think they were tech companies or something. At least CENT went down after a short squeeze rally, and we nailed XYL. In the end I came out even which is pretty lame.

In any case, this is the way it's supposed to work.... sorry I didn't post this one, but it's a complete crap shoot. Really pisses me off that CENT and USX didn't work out as planned, I knew they were both going to lose money. I guess so did everyone else.

Comment

I really wish I had posted this and loaded the boat on this one, oh well.

Trade closed: target reached

Yeah, well ummmanything more than 30% is really getting greedy so I flipped the puts.
Comments
RCB1229
well done - i have played the last two massive gap downs to the upside after the large fall. I do not know if i would do the same for this drop.
hungry_hippo
@RCB1229, yeah, I made back the money I lost earlier this week on some other puts. Wish I had loaded the boat though.
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