$35 Profit
UXINLong Option

This is a play on options for a shorting strategy. Made a solid 25% on the drop down. I expected this stock to tumble for two reasons. 1) It's on its FIFTH day of spiking high. 2) This is the first day it spiked massively (respectively) and lost roughly 50% of its gains. The last spike hit a resistance and broke down. I'm still holding one option as it is passed my breakeven point and expecting it to go lower by the end of next week.
Broker:Robinhood
| Date | Price | |
|---|---|---|
| Entry | 12/11/2018 | 1.45 |
| Exit | 12/12/2018 | 1.80 |
- Total Views90
- Position Size1
- Percentage24.14%
- Option TypePUT
- Strike7.5
- Expiration12/21/2018
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