Short idea is summarized as follows
1. stock has gone parabolic and these typically have aggressive corrections
2. robintrack shows sentiment is extremely optimistic so would like to make a contrarian bet
3. assuming a SZ 84-88 so taking a $4 risk and executing the trade via November PUTS. 80 strike
Another fun story :D
By the way, the number of baghodlers on Tesla is down now that the price went up. Got their chance to break even on idiotic buys.
DB baggies spiked during the whole day of the 08 July. Did some guru tell his gullible paid group to buy the "bottom"? Or whale uses Baginhood?
DB baggies have been following the usual baggy path: exact opposite to...
