This Stock Is So Outrageously Extended

1 Ağu 2020

This is one of the most overextended stocks I've ever seen. The fundamental problems with this company haven't changed substantially since the beginning of the pandemic, and yet due to the dynamics of short interest the stock continues to squeeze. The recent rally is likely shorts covering before earnings, because I can't fathom what organic buyers of the stock remain at this price point. I want to get short, but premiums are high prior to earnings. I'm looking at some covered puts. Might update with executions.

22 Ağu 2020

İşlem aktif

I've begun a small position shorting this name

5 Eyl 2020

İşlem elle kapatılmış

Closed a massive profit on this trade Friday. Worked out beautifully.