SMP up 16% on barely beating estimates

Oct 26, 2018

Up a ridiculous amount barely beating estimates. With the lack of liquidity in the market, this should head right back down to low $40's by next earnings.

There is a chance it can reach ATH before tanking though I doubt it.

Oct 29, 2018

Note

Huge jump to all time high on no volume, loading up here on puts.

Oct 29, 2018

Note

They pumped it back up over $54, lol. No bids on Level 2, less than 1,000 shares between $54 and $51. One big sell order takes this straight back to $47.

Nov 13, 2018

Note

Finally broke below $54, targeting $50.5. If it goes back up, I'm adding puts at $56, it might be range bound for a while.

Nov 20, 2018

Trade closed manually

Decided to close most of my put positions since I expect the market to bounce here. Took a loss on this one, but LB more than made up for it.