What does that mean to traders?
All of those initial INSIDERS whom bought 31,250,000 shares at $17.00 are now under water or losing money, related to PA being $16.00.
Earnings is scheduled for Monday 2nd, after trading. This is an Awesome time to buy SWCH if interested, related to $21.00 looking very good for price action in the not far in the distance future....
Please look on chart for further information:
Current Price: $15.45
Option: 20th Apr $15.00 Put
Price per option: $ 0.63
Contracts: #35 x 100
Total cost: $2,205
Estimated returns - SWCH at $15.45 on 28th Mar 2018
Entry cost: $2205 (net credit)
Maximum Risk: $50295 at a price of $0.10 on days 13-14
Maximum return: $2205 at a price of...
Switch (SWCH), the technology infrastructure corporation headquartered in Las Vegas, is built on the intelligent and sustainable growth of the internet. Switch founder and CEO Rob Roy has developed more than 400 issued and pending patent claims covering data center designs that have manifested into the company's world-renowned data centers and technology solution...
Range is $22-$22.50
Break of $22.50 might signal strength
Break of $22 might be bearish
Too early to call a bear flag in my opinion (although it does look like that on the 15 min)
Looking for this IPO to take both the bears and bulls to the shed before resolving itself to the upside
Looking to pick up shares on a capitulation (if it happens)
No rush; what for? ...