CALM overbought again back in this trade

I am back in this trade a second time in about a week. Last time I bought puts which doubled on the drop. This time I am shorting the common stock and will add as price increases for a nice average. 1,000 shares short $58.10 will add every $1.50 increase equal number of shares. Way overbought and getting ahead of itself. I will also buy puts in the $60's

Commentaire:

Added 250 shares @ $59.10 another order in 250 shares @ $60.10 if it gets there

Trade fermée manuellement:

Bought to cover 1250 shares at $57.30 made $1250.00. Generally I don't like trading stocks with low daily volume under 1-3 million shares daily and illiquid options markets.