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Sherem
Sep 24, 2020 3:29 PM

bought $PENN puts Short

PENN Entertainment, Inc.NASDAQ

Description

I bet we go down to $40-$50 at least.

-Sherem

Comment

Bought in again, nov 60 puts

Comment

Sold for a small loss, if we do something stupid over the weekend, this thing could pop up big. I will look for another re-entry point

Comment

Looks like today was the day to buy PENN puts and I missed it... blast...
Comments
ttk100
you would have sold before, I think. like me. took the win shortly above 63...
bkyleo17
lol
ttk100
:( Ok, thanks for telling. I got the put at 72.22 I will keep it for now. I think the indices might be under pressure the next days ....
Sherem
@ttk100, I agree, I just don't want to hold it over the weekend. No telling what could happen.
ttk100
@Sherem, don´t you think only bad news can really push the price? basically down, but to the up? You think of sth like stimulus money?
Sherem
@ttk100, It's more of, if this bad news ain't pushing it down it's going to continue to climb based on that ascending pattern I posted and bust-up. Or go sideways and then the puts decay, either way, moving to cash for the moment. Already flipped it twice, so no need to hope it goes down more at this point
Ed_NY
it bounced back up again as usual.I can't believe I am saying this but heading up to 80-85 it looks like inverse head and shoulder to me. what do you think stay short go long?
Sherem
@Ed_NY, Trump just got Covid, I am definitely holding my short.
bkyleo17
NEVER BET AGAINST BARSTOOL SPORTS
Sherem
@bkyleo17, Oh sorry, I made 30% already last week doing it... shame on me.
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