5/8/24 - $hood - not much juice left into this print, caution

5/8/24 - vrockstar - look guys i think the UX rocks, the 3% IRA carrot was genius and overall... this "is" a better way to do banking/ crypto/ trading. not going to short the stock, but a lot of this positive stuff is defn incorporated since last EPS where the stock ran nearly 100% and it's realistically "just" off it's highs. even if we assume 50c of EPS power, it's not growing 100% yoy so you're paying over 30x PE for this? Not my cup of tea. Where I struggle is that any less than stellar result in this tape are getting absolutely rekt and any beats are seeing retraces at the open, so at this valuation you need an absolutely SMASHING result and once again, the stock somewhat prices this in. I tend to think the risk reward is probably skewed more negatively here, so wanted to post a note for my own reference. i'd be a buyer back near that gap fill in the $12s. If we do see a pop on "good" but not "stellar" results - would be a good oppty to resize your risk here IMO, or sell some C's for IV.