So this trade...
If someone was that convinced CHWY was gonna drop below $55, why would they wait until just past 11:30 EST when it was pretty much near the day's low to execute the trade?
Why not do it when Chewy was at $60?
To risk $660,000 to make $1,209,000 max if it drops below $50, one has to think they know what they are doing. Right? You'd think they'd have known this last night and jumped at the open. I mean if your that convinced, why wait to get in a few percent cheaper if it went up out of the gate? They could have had the same trade for at least 30% less, or about $480K+/-.
No. No one does a trade like this. Someone got a phone call from someone who caught a glimpse of that report. I'd bet money. Either that or they have some super-intelligent algorithm that could discern that from today's price action (highly doubtful), or they're just some ultra wealthy gambler who doesn't care if they lose $660K. I'm going with the phone call.
I guess we'll see what it does.
A lot of people have bought this dip in the last few weeks.
$57.21 now.
What a game.
