Entry comments: Overextended gap up. Bought puts to limit risk on the upside. Huge move the past few days and feel tension might be coming from SEC to stop trading. If that happens, it's a toss up higher or lower but R:R says lower. Lots will want to get out and trend to lower high short % stocks that are lower priced. Got in early and helped to get options before others could and up 80% already.
Exit comments: Not following my patterns and just trying to chase what was hot today. Sold out after the huge panic happened and I couldn't execute my options. Too many broker issues and taking focus away from better plays.
| Date | Price | |
|---|---|---|
| Entry | 1/27/2021 | 0.1666 |
| Exit | 1/29/2021 | 0.18 |
- Total Views47
- Position Size3
- Percentage8.04%
- Option TypePUT
- Strike10.0
- Expiration2/9/2021
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Will be watching this closely but willing to lose $20 for the R:R. I think if we get a financing, SEC halt, or any big news of investigation then we head lower. With hedge funds in trouble, I think they might use their wealth to persuade trading to stop so they can drop the price and limit losses.