High probability, Great Risk/reward, only way it goes wrong is if WMT crushes their earnings. I think even if they meet expectation's it'll still go down. If this chart isn't screaming "overextended" to you, I don't know what would be lol. I'm playing OTM Puts with 2-4 week expiry. Good luck
@christiandeleon415, Hope you had a stoploss bud, they beat earnings and STILL went down. Everything's overvalued, start learning how to short.
CryptoeChris
⋅
@teckno05, learned the hard way. IV crushed in just 1 hour. Over valued is a good way to explain what happened maybe. The stock had potential. I guess the 105 price got there a little faster than it could handle at the time.
teckno05
⋅
@CryptoeChris, Sorry to hear bud, don't get discouraged, don't bet to much, and stay in the game. The more years you're in here the better your chances of learning. Just closed my short now at 98. Should bounce back up a little to 100-102 and I'll short it again. There's a trendline we just hit that should push it up. I'm still holding 1 Put just in case it keeps dropping.
ugh2022sucks
⋅
@teckno05, Can't win big if I sell too early. But I definitely ate it. Just a learning process, learned the hard way. Hopes and expectations for Walmart were too high. I think WMT will just go back and forth in the mid 90s to 100 until E.O.Y. Thanks for all advice I'll refer back to it so I don't end up doing the same mistake.
teckno05
⋅
@christiandeleon415, WMT 92,I should've held that short :D