Would have had to double down on the short straddle just to get back to even.
Amazing Short Straddle Opportunity right now
- Thread starter BBSLamer
- Start date
Major bagholders at $60. Currently trading at 31. Some folks is unhappy...
Everybody who held shares a few days ago was up about 3000%. Who would not sell at those levels? A dump was the only possibility.
Back to $40? How many Shorts were bagholders you think? I've been talking with a Private Discord Group of Robinhooders, their dumping after a double or triple and not greedy at all.
yet another chance to score a million dollar trade that i missed.. oh to have bought the $2.5 Aug 21 calls for 15 cents on Monday....
Don't worry, someone in the Administration gladly bought or leaked to help family and friends make millions.
Yes, this would have been a very ugly trade, and does emphasize the importance of those wings, even when you don't foresee the need. As I said, I didn't take any position, though I'm sure we're all kicking ourselves now for not taking a tremendously bullish position yesterday when we were reading / posting in the thread. Congrats to those who did
You would have made a fortune being LONG the 7.50 straddle for 5.75. Good thing no one here sold it.