FRC to 0

[turkeyneck]

Lottery ticket play...

Looks like long put is the way to go since the stock is hard to borrow and with capped risk in case a FRC buyer comes out of the blue. Thoughts? What strike and expiration would you go for?

 

[maxinger]

Lottery ticket play...

Looks like long put is the way to go since the stock is hard to borrow and with capped risk in case a FRC buyer comes out of the blue. Thoughts? What strike and expiration would you go for?

You missed the boat by 15 months.
That was when FRC broke the rising trend line.

In fact, you have missed hundreds of boats already.

Where were you 15 months ago?

The market is merciless to those who missed so many boats.

The question you should be asking should be:
Why didn't you buy the puts much much earlier?


By the time you buy the puts when FRC has made big giant headlines,
it is too late.

 

[maxinger]