I bought some puts today, but now I'm regretting it because I just noticed that NQ1! (nasdaq futures) is oversold on the daily (see my NQ1! daily chart). That means they will pump everything for the next month. Even garbage floats on a rising tide.
I think this will be a good earnings play though if it goes above $38 before earnings. Earnings sucked last quarter and wasn't even good the previous quarter when they pumped this garbage, eventually the air has to come out of the garbage bag and it's gotta sink.
I think this will be a good earnings play though if it goes above $38 before earnings. Earnings sucked last quarter and wasn't even good the previous quarter when they pumped this garbage, eventually the air has to come out of the garbage bag and it's gotta sink.
Comment:
Usually would be down $2 by now, looks like support is holding for now. If the market goes down tomorrow, this stock is in big trouble
Comment:
Added some more $30 puts at $.15. If the market tanks this week, this could easily go to $28 for a huge gain.
Probably goes up this week, so no further plays until NQ1! gets overbought on teh daily. There are better plays for going long.