Adding to the maximum stupid series is Shopify. Look at that bullshit. If nothing else people are going to start taking profit after such a massive run up.
There is a reason I am buying puts, I can fix my lose in case things keep getting stupider and I end up being the stupid one for trading against the stupid.
Oct 2020 800 puts.
Cheers, -Sherem
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Shop down 7%. Guess whose puts are printing tendies?
Trade closed manually
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Depending on how ballsy you are, you might want to consider closing this trade. With strong earnings and the Fed committing to print money the rest of the year, we could see it slowly move down, which would kill our put via time decay even with a great entry.