SHORT JMIA @13.00
OK I don't short stocks EVER, and the volatility premium on JMIA is stupidly expensive right now so as much as I want to, I'm not buying a put at these prices, but JMIA is acting ridiculously. So let's pretend I shorted it at 13.00 and I'm thinking this is a hopefully 1 day trade, but whenever the next down day is I cover the "short" win or lose.
This is for entertainment value only, it is NOT investment advice OK?
P.S. Yes I know I just made a long call recently (and closed it at a solid profit right before it spiked 30%) but I just can't believe this stock has much more upside runway short term.
This is for entertainment value only, it is NOT investment advice OK?
P.S. Yes I know I just made a long call recently (and closed it at a solid profit right before it spiked 30%) but I just can't believe this stock has much more upside runway short term.
Note
"Trade" result summary (for my purposes)
Note: short "trade"
Wins 1 Losses 0
+4.4% in 3 days
Avg return = +4.4%
Avg hold = 3 days
Per lot per day held annualized return = +369.6%
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