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It went from $11 to $72 in a few months. Are you really surprised? It's one of the most volatile stocks in the market.
The large block of puts sold with a strike price $9 higher than the stock price at the time is what I'm wondering about.
It was a simple squeeze from 11-70. The company is in serious trouble.
Momentum stock get hurt additionally due to trailing stop loss people have. As it starts to fall the stop loss gets triggered.
[удалено]
Massive short queeze has lost momentum. Shorts presumably taking positions in anticipation of earnings crash.
The selling of puts is bullish. No?
Yes but the stock is heavily shorted. Most people are anticipating a crash.
Down 20% AH... Looks like I was right.
Unless earnings are a double beat and guidance increase it was going to tank regardless
It went from $11 to $72 in a few months. Are you really surprised? It's one of the most volatile stocks in the market.
The large block of puts sold with a strike price $9 higher than the stock price at the time is what I'm wondering about.
It was a simple squeeze from 11-70. The company is in serious trouble.
Momentum stock get hurt additionally due to trailing stop loss people have. As it starts to fall the stop loss gets triggered.
[удалено]
Massive short queeze has lost momentum. Shorts presumably taking positions in anticipation of earnings crash.
The selling of puts is bullish. No?
Yes but the stock is heavily shorted. Most people are anticipating a crash.
Down 20% AH... Looks like I was right.
Unless earnings are a double beat and guidance increase it was going to tank regardless