SQ dropped on last earnings due to concerns about future growth, NFLX just tanked this week due to lower subscriber.
Can't imagine people will want to hold this going into earnings, headed down pre-earnings. (Not gonna play the actual earnings though.) Also coming off an overbought condition so plenty of room to head lower.
Probably should have posted this earlier when I bought puts, sorry guys...
Can't imagine people will want to hold this going into earnings, headed down pre-earnings. (Not gonna play the actual earnings though.) Also coming off an overbought condition so plenty of room to head lower.
Probably should have posted this earlier when I bought puts, sorry guys...
Trade closed manually:
Doesn't look like it's going anywhere besides chewing up premium. Closed it while I'm ahead.