ARCH up 100%+ (option price) before May 20th
Updated
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
100% target has been reachedWould normally sell half position to recoup initial capital invested but price action is strong
Small pullback is expected before final run up
Comment
Not a fan of purchasing higher but position has been doubled @165 strikeExpecting price to start moving quickly to the upside in less than a week
Comment
Should've taken break evenWill take a new position either @$93 or on May 20th
Comment
Due to macro envirnoment, half position has been sold for a small profitDisclaimer
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