Took a start position in $90 puts last Friday at the 1.61 extension level after the stock doubling in the last two weeks. Expecting a sharp correction on all these hype stock soon as the hype dies down but at the very least looking for a retracement to 85-90 next week on SFIX.
This will fall in the short term for sure, agree with that. but if you think this is a hype stock, you should do some homework :)
Unraveller
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@stupidGuy by hype I was referring to the fact that it ran too much too fast. I don’t have any long term positions so don’t have an opinion on the company :)
stupidGuy
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@Unraveller, in complete agreement with your assessment - as of now, this has been hyped up a lot. Some of my protective puts are in the green today LOL