SPCE Day Trade Idea 1/29/21

Jan 29, 2021

This could easily head lower if there is more weakness with the meme stocks. However, I feel like they might come back and do the same thing and rip all these stocks. If that does going long where the price is at now wouldn't be too bad. Will have to watch out for how much premium I am paying if I do decide to trade this. I know I shouldn't trade daily expiration but this might be a good opportunity. I need to go cheap if I do; no need to wreck this week's gains for another risky bet.

Jan 30, 2021

Note

Didn't end up trading this today. But some 49/50 calls would have been nice around the open and if you sold off into the .5 fib. Will be watching this one next week.