This Stock Is So Outrageously Extended

1 août 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 août 2020

Transaction en cours

I've begun a small position shorting this name

5 sept. 2020

Trade fermée manuellement

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