$FUBO Potential Bounce Play, High-Risk & Low-Risk Opp.

FUBO rose nearly 330% from Nov. 17 - Dec. 23. It was highly anticipated that FUBO would have a major pullback, however it has given up the entire move from Dec. 15 - Dec 23 -- I think this move is an exaggeration.

Bearish catalysts in play: 1) Recent share unlock occurring on Dec. 30th, 2) the Kerrisdale Capital short report.

I think there is an opportunity to play the oversold bounce (high-risk) and begin positioning a long-term investment (low-risk) here.

I will be playing weeklies on Jan. 4th and take a starter position for a mid-term swing / long-term investment. If a clear reversal is in play I will update the idea with further entries. Looking to reclaim the 8EMA on various timeframes.

Weekly positions: 30c 1/8

Comment:

I averaged down all the way down to 23 on those 30c 1/8. Made out to be a great scalp on the weeklies! + 250% or so.

Hanging out in the GP, looking for price action to provide more clarity. The target is still upper 30s if bullish momentum continues.

Comment:

Target hit, congratulations FUBO bulls