I need more conviction, DWAC $4.7x$5.00 now. Memories of trading 2001-2002 brutal Bear, you had to take the gains when they showed or often they evaporated.
DWAC was $50 when I started buying the puts, watching all the other SM companies getting weak was the reason I entered the trade. Now you can get $4.50 for the puts, yesterday bought CVNA $75 puts, I had a feeling they would go to $10, they hit $13 today.
I bought DWAC puts at $2.4-$2.9, sold as high as $4.20(2) contracts. I made $2100 off the trade.
Previously bought 700 ACON at $3.70, sold @ $3.1(Why I held to $3.1 after realizing it was a POS I have no idea!)
700@.6 is a $420 loss.
$2100-420 total gain for day on this account is $1680...
CNBC, Cramer and panel like Disney saying they're getting hammered because of NFLX. I bought $125, $120, $115(Averaging Down). Dang, I had the CVNA $75 Puts, I wrote my kid telling them the puts were going to $15 if he wanted to do a AON trade.