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toptradeguru
Jun 24, 2022 5:18 AM

$VRM - Simple mean reversion; short the volatility Short

Vroom, Inc.NASDAQ

Description

VRM - vroom stock spiked today. No major news. In addition, the automotive digital retailing company's website traffic appears to be flat or going down (SimilarWeb). You can short the volatility.

-short the 7/15 or 8/19 call options 2.00 or 2.50 (~90% chance of profit)
-go long on the 7/15 or 8/19 put options (~90% chance of profit)


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