COST is a safe short at 162

I agree and I will be stubborn as long as they stay irrational. I sold 157.5 PUT double my short position expiring tomorrow for 0.62 so while I am waiting, I am also making money (reducing the loss). I was long on COST when it dropped to 156 after earnings and then I sold at 161. The trick is that if you can or plan to short 1000 shares, just short 200 now and wait and have the right ammunition to short more and correct your trades with options.
Selling 157.5 puts would be a bullish/ neutral play tho and not a bearish play :/. You confuse me lol.
 
Selling 157.5 puts would be a bullish/ neutral play tho and not a bearish play :/. You confuse me lol.
half of it will cover my short with profit and I will be long half of it at the right price. Do you think that when I short a stock, I expect it to go zero? I am short AMZN but I will buy if it drops to 900 with open arms. Did you get my point?
 
half of it will cover my short with profit and I will be long half of it at the right price. Do you think that when I short a stock, I expect it to go zero? I am short AMZN but I will buy if it drops to 900 with open arms. Did you get my point?
No really. Are you saying you bought a vertical put spread?
 
COST 165 now a day later, and after I said this guy was fos.

I win again (yep, Im the guy that said GE was toast at 24)
What up Soes broman! :D
Hey man I forgot to point out IBM took out $158 only 4 days later and its staying down. Not that I traded it, but you seemed so happy to point it out to me when it was at $162 so I figured I could return the favor lol.
Anyways... one of my vaunted brain trust members tells me IBM is on the cutting edge of quantum computing.... whatever the f that means. Maybe you should buy below $158. The brain trust is rarely wrong.
ttyl OG. :sneaky:
 
vanzandt said:
IBM moving like a FANG stock this AM.
What say you Great One? Short it up here at 156.50? Tempting.
I'll wait for $158


Timing is everything, your short call took major heat. I don't like heat

My bash of this COST call took NO HEAT
 
vanzandt said:
IBM moving like a FANG stock this AM.
What say you Great One? Short it up here at 156.50? Tempting.
I'll wait for $158


Timing is everything, your short call took major heat. I don't like heat

My bash of this COST call took NO HEAT
You didn't "win" unless you have a trade on:)
 
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