Short the WRLD
Updated
I don't expect anyone to follow me into this trade because it's low float with terrible options liquidity but I've got puts for WRLD earnings next week. Low liquidity can mean huge movements though....
The only reason why it's up at this level is because the market is bloated, their revenue hasn't increased at all the past 3 years and they pay no dividends.
The only reason why it's up at this level is because the market is bloated, their revenue hasn't increased at all the past 3 years and they pay no dividends.
Trade active
Added a couple more contracts this morning when I flipped my RIVN puts. That's all I'm willing to risk...Trade active
Too bad there weren't any $205 options, I added 2 more $200 EOD yesterday, I just flipped all my $200 puts to lock in profit and riding the couple of $190 puts I bought last week.Gonna make money but I wish I had shorted AFRM EOD yesterday instead, lol. Crap dropped more than WRLD without the earnings premium.
This crap stock moves slow but is hard to time, with too many people shorting it. WIthout the shorts and low liquidity it'd probably be at $150 right now.
Note
Gonna hold my $190 puts until tomorrow then cash out, regardless of what this garbage doesTrade active
This garbage usually ends at the bottom when it misses earnings so i added a couple of $190 puts for kicks and giggles on this intraday pump. I might hold for a while, i've got 2 weeks, lol.Trade closed manually
I think the market moves up when the European markets close and I find this to be an extremely unpredictable stock. Idiots were buying and selling 3- 6k blocks yesterday on a stock that normally trades 100 share.... daily volume is only 33k.Also it took 15 minutes before the ask approached the bid this morning.
But hey, I was right and I made
4K, unfortunately lost half of that shorting IRTC earnings, lol. Glad I went big on this one and small on IRTCNote
Note: I am scratching this stock off my list, there's money to be made but it just doesn't move fast enough for me, and I could've made a lot more shorting AFRM.But like I always say, never kick yourself for making money. I made money.
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