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appmanga

(967 posts)
6. Bought 5 put options yesterday...
Tue Apr 16, 2024, 10:37 AM
Apr 2024

...after I had forgotten to do so when it was still at $47. It hit the target ($27) that I had scoped out at that time this week. I'm hoping it will finish the crash and start burning before the end of the month. This is the first stock I've seen in years that has a very good chance of going to zero within three months of its issue.

ETA: Getting shares to short is incredibly expensive as there were only a few that were issued and there's a huge premium to borrow any of those.

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Latest Discussions»Culture Forums»Personal Finance and Investing»Is anybody else shorting ...»Reply #6