I know a lot of you emailed me after hours considering Rivian was up 60% after the close. That risk reversal I drew up in that weekend best idea post here is going to be up enormously tomorrow.
So let’s go over the few options you have
You cash it in, the trade was put on for a credit, it cost you nothing out of pocket and the short puts will be up big tomorrow and the long call will be up big with the stock at 17.93 after hours.
You sell upside call spreads in January 2026 vs your long calls to get back a ton of your basis, maybe even the entire thing. We have to see what the upside calls are tomorrow but $30 calls in January 2026 should be able to give you back a huge chunk should you sell those and now you have a 15/30 call spread you can ride.
You buyback your short puts and alleviate margin pressure.
Whatever it is, that trade was epic and why you shouldn’t give up on these best ideas so easily, I specifically said 2026 calls because I wanted to give this story time to play out. Volkswagen came out of nowhere and gave Rivian billions today and sent the stock soaring. There was calls galore in my database, look I literally don’t even have 1 bearish trash of note in the database in the last few months.
Congrats to those who played, the return is going to be incredible tomorrow for a 4 month hold, well done.
See you all tomorrow.
Wasn’t involved in the play, congrats to all that took it. JB, this is why you have the most phenomenal service around - you took the time to break out a few ways those involved in the trade can play it tomorrow. You didn’t have to do that, hell of a move and proves you actually care about the product you put out and all the subscribers. Hell of a call out my man!
Thanks James, I actually only played the 15c as I didn't want to tie up margin for the puts. I think I was down 30% or more at one point, but decided to hold since I didn't think it could go much lower since Amazon is unlikely to let them fail like you said. I sold everything today for 75% gain on the calls.