Energy stocks are overbought as everyone jumps on the same bandwagon like the lemmings they are. BWAHHAH BWAHAHAHHA what do we all do next bwahahahaha. I cannot think for myself bwahahhaha bwahahhaahah Nine should retrace back to $7.30 in coming weeks. $9 Jan 2023 puts would be the ideal strategy
Trade active:
Purchased 100 Jan 2023 $9 puts
Comment:
I added 35 more puts yesterday (Thursday)
Trade closed manually:
Down over 30 percent today WOW. I closed this position on this mornings drop, I still think it's garbage but I am a nimble trader and take doubles when I have them!