NYSE:PD   PagerDuty, Inc
This gap will fill either before or at earnings . Earnings sucked last quarter.

Got into $40 puts at $40 today. There's a chance this goes up Mon/Tue because even garbage floats on a rising tide.
Comment: There's a gap to be filled at $34 then $32.5. We'll see where this goes tomorrow.

Small chance it could go all the way to $28, but I think that happens after earnings.
Trade closed: target reached: Should get close to the target this morning, selling the puts
Comment: This stock has a tendency like a lot of small caps to fill gaps, so I usually flip stocks like this when it gaps big. Appears to have been the correct move.

Will buy June puts when it fills the Monday gap.
Comment: Buying puts tomorrow if it goes above $37.5. Might even go up $3 like last Friday. Watch the morning gap.
Comment: Earnings sucked last quarter, this stock was saved by the market pump. No way it goes into earnings above $37.5 because that's an easy short. Will keep shorting this turd every time it bounces back up.
Comment: Probably gonna hit that $32 target tomorrow, but I'm playing other stuff today
Trade active: Bought some $35 puts today and added some $30 puts for .15. Figured why not, lol.

Comments

Thanks. You bought the $40 put of PD with mature date at 18-Jun?
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hungry_hippo kaka422617
@kaka422617, of course. I bought $40s and $35s, I flipped the $40s this morning to lock in profits. Probably will flip the $35 as well tomorrow if it get's close to the $32.5 target.
Reply
hungry_hippo kaka422617
@kaka422617, flipped the $35s on open today, I'm out for now. Will consider shorting again if it fills the $37.5 gap.
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Thanks
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@rb675, hope you made money, I did really well on this trade.
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