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
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Best to wait until Friday afternoon, hedge funds are getting squeezed out of everything, especially AMC, lol.
Trade active
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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
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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
@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
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@MitasTouch, don't short anything with high short interest until the morning gap tomorrow. It's a major short squeeze.
MightAssTouch
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@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
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@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
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@hungry_hippo, I will stop shorting NKLA the day their truck isn't a chassis and special effects.