Eh hehehehehehehehe
Marketsurfer says short shake shack
- Thread starter marketsurfer
- Start date
Last time you fade a strong trend like that, try to neutralize max loss by just buying puts, that way no matter how much it goes against you the max loss will always be 100% of what you were willing to lose.
Technically I never agreed with you, fundamentally, I don't see the big deal with this piece of shit burger company, took family to the one in Boca Raton, never going back LOL
Bad idea. First, there are no options on SHAK for now. Second, it is likely that the vol priced in the puts would have made them already expensive... I have not looked at the borrowing cost either...
Btw, I see 93 in AH. Are you out Surf?
If he was expecting a hard collapse, the pricing of puts not really that relevant, he was talking like the stock would get crushed. However, no options available yet sort of nullifies the whole discussion.
I went to the one on Lincoln Rd mall on South Beach Miami. It sucked! Boca Raton has ZinBurger at the mall and Burgerfi-- both far superior product than Shak. peace, surf
FLAT and OUT-- yes, we took a solid loss on this trade-- but that's part of this game-- ALL my big winners have gone against me at first, then turned-- so I must accept the other side of the equation. it's not fun, but it one step closer to a winner. surf
When the wound is still open it does not feel good but I must say, large losses are not to be part of this game.
Allow all kinds of winners and limit losses to small and you will prosper, assuming you have an edge.
How about LL? Are you still long LL?
No. Closed that awhile ago.