As you can see on the chart there was a huge short squeeze in the stock fossil 2 weeks ago. I bought put options a week ago. I see the stock go back to 9,5 dollar on short term. Long term when management is not able to do a turn around, stock will eventually go to 0.
Yorum:
Forgot to update this trade, hope you guys closed positions on time, risk management is most important aspect of investing!