IRBT Short Squeeze
Updated
Kind of a wild play, bought a couple of IRBT March 15 call contracts on the dip because this thing is 110% institution owned with a lot of shorts trapped from the 2 downgrades.
Completely a short squeeze play, P/E is 42 so there's no fundamentals here. Looks like the squeeze target is $150, but I'm nailing by the end of the week regardless.
Completely a short squeeze play, P/E is 42 so there's no fundamentals here. Looks like the squeeze target is $150, but I'm nailing by the end of the week regardless.
Comment
*bailing (lol)Comment
Added one more contract on the dip this morning. Still a small play since IRBT options liquidity sucks.Trade closed manually
Sold everything on open, even this looks weakDisclaimer
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