Heavily shorted and increasing short float.
Lower market cap for an optionable asset.
Before May 20th, we could see an increase of at least 100% (ATM option price) as some shorts cover.
Using options so time is the only SL.
Lower market cap for an optionable asset.
Before May 20th, we could see an increase of at least 100% (ATM option price) as some shorts cover.
Using options so time is the only SL.
Comment:
Not a fan of purchasing higher but position has been doubled @165 strike
Expecting price to start moving quickly to the upside in less than a week
Expecting price to start moving quickly to the upside in less than a week
Comment:
Should've taken break even
Will take a new position either @$93 or on May 20th
Will take a new position either @$93 or on May 20th
Comment:
Due to macro envirnoment, half position has been sold for a small profit
Would normally sell half position to recoup initial capital invested but price action is strong
Small pullback is expected before final run up