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.
Got into $40 puts at $40 today. There's a chance this goes up Mon/Tue because even garbage floats on a rising tide.
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.
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.
Small chance it could go all the way to $28, but I think that happens after earnings.