Go long scantily clad women and NFT's! PLBY all day!
Updated
Yes, you heard it here first, I am going long and strong on Playboy, a pure play on boobs and NFT's. Their vaults are bulging (no pun intended) with content just waiting to be converted and sold as NFT's. They had their initial pop and the stock has been bouncing around ever since (lol) but has recently appeared to have found a footing at the $25 level which should act as support going forward.
Go long and strong! Even in the darkest of times, Playboy sales maintained because people need their entertainment just like they need their booze to wash the sorrows away. It gives you sin exposure that is recession-resistant and has great growth prospects.
Go long and strong! Even in the darkest of times, Playboy sales maintained because people need their entertainment just like they need their booze to wash the sorrows away. It gives you sin exposure that is recession-resistant and has great growth prospects.
Trade active
I purchased the 4/16 expiry $25 strike calls; up 17.65% so far. Bought the stock as well creating a long position. PLBY popped up on 3 out of 4 options activity reports I check. It came up two days in a row on unusual call activity, today on unusual open interest and unusual volume. It also was NOT on unusual put activity meaning calls are outpacing puts with a high volume of options. Lot of bullish bets. High IV implying a large swing.
Open interest 5,576% above normal.
Call Volume 5,969% above normal.
Total Option Volume: 5,553% above normal.
Current IV: 93%
Trade closed: target reached
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