SPCE - if you took puts near market open - keep your profit
The trade idea is linked. What a move down today, more than I expected. One important point - I bought 2/12 40 strike puts yesterday and today my option price did not increase much at all because VIX fell so much.
If you took weekly puts on this today, you should have taken trimmed or closed out already. If your objective was a day trade, then be happy with an amazing return and do not look back on missed profit (if any).
If VIX rises again in the next few days then swing puts will rise in price. I have 46, 42 as price targets.
If you took weekly puts on this today, you should have taken trimmed or closed out already. If your objective was a day trade, then be happy with an amazing return and do not look back on missed profit (if any).
If VIX rises again in the next few days then swing puts will rise in price. I have 46, 42 as price targets.
