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hungry_hippo
Jun 2, 2021 2:39 PM

SFIX Earnings next week Short

Stitch Fix, Inc.NASDAQ

Description

Earnings coming up and it;s above where it was after the last report. Next week's puts.

Overbought on the daily.

Trade closed: stop reached

Best to wait until Friday afternoon, hedge funds are getting squeezed out of everything, especially AMC, lol.

Trade active

Bought a couple of contracts on the attempted gap fill. At this point I'm holding regardless of what happens tomorrow, I think a lot of shorts left this stock.

Comment

F'ing crap just won't die because there's too many shares shorted. We'll see tomorrow if funds still want to hold this through earnings
Comments
kaka422617
PD puts continue?
hungry_hippo
@kaka422617, I bailed at support but obviously broke through. I'd hold it until Monday if you still have them.

Old support will be new resistance so I don;t see it going back above $37.5 Monday
kaka422617
MightAssTouch
are you playing PD earnings too? Similar set up
hungry_hippo
@MitasTouch, just a few $40 puts. I guess I should have waited until tomorrow morning to buy. Still playing AMC stock, it's like owning options, shit moves so fast, lol.
hungry_hippo
@MitasTouch, don't short anything with high short interest until the morning gap tomorrow. It's a major short squeeze.
MightAssTouch
@hungry_hippo, they say the VIX measures fear in the market.
Well I say NKLA measures meme levels in the market. And meme levels are off the charts.
Short junk Thursday close imo
hungry_hippo
@MitasTouch, lol I was looking at that too. Shorting at $22.5 or EOD probably.

On a fundamental standpoint, they're late to the party. Freightliner, KW/PB, Volvo, TSLA, and Navistar all have electric trucks ready to go this year or next. Who's gonna buy semis with no dealership support from a brand new company?

All of these little US based EV companies are gonna go bankrupt in 3 years or less. I'll buy a Ford whenever solid state batteries come out.
MightAssTouch
@hungry_hippo, I will stop shorting NKLA the day their truck isn't a chassis and special effects.
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