It's Time
Updated
It might finally be time to short this bad boy. Stock has been on the run of all runs, and today possibly caps an unbelievable buying crescendo as it truly feels as though sentiment may have peaked.
Piecing into this seems like the move because it's going to be hard to tell when it's peaked precisely.
The only way to short this would be with a defined risk put spread. I'm looking for entries in the SEP 250->220 verts
Piecing into this seems like the move because it's going to be hard to tell when it's peaked precisely.
The only way to short this would be with a defined risk put spread. I'm looking for entries in the SEP 250->220 verts
Note
took some of the position off this morning for a 60% gainNote
took more off for a 187% profit. down to about 60% of the position remainingNote
took more off for a 310% profit. about 35% of position remaining.Note
All out at 300% profit. Quite the trade!
🚨🚨🚨
Get high-probability trade ideas and research directly to your inbox for free.
Follow us here and turn on email alerts to stay in the loop: seekingalpha.com/author/propnotes
Get high-probability trade ideas and research directly to your inbox for free.
Follow us here and turn on email alerts to stay in the loop: seekingalpha.com/author/propnotes
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.