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.
Didn't make this play either but I was noticing that there wasn't a single bearish trade and was wondering what to make of it given the stock was just bouncing around between 8 and 12 for a few months. At one point I got assigned a bunch of shares because I was selling puts and sold at a nice profit, but holy smokes didn't see this coming. But now the lack of bearish signal makes total sense. The fact that we can see this is incredible. Thanks for everything James. (Hope you're doing ok given everything going on in your life. Hang in there.)
Thanks buddy appreciate it, hoping we get some good test results this week from a bone marrow biopsy till then a bit stressed. This rivian move is insane I don’t recall the last time I saw a real company move 60% ah haha
By the way, we're seeing the exact same thing in C right now. Ton of bullish action with not a SINGLE bearish trade. I'm long the underlying, though I've sold calls against it. If I get assigned I'm going with the risk reversal you suggested some time back. Otherwise, holding on. But it seems like there's something brewing there as well. Had the front page WSJ article last night and thought it might do something today. Alas not today, but again feels like anything could happen at any moment.
Incidentally, I didn't find the WSJ article to be too flattering about the company. I walked away feeling like it was more risky than not. But it's trading at 0.6x book value. WTF trades below book value of 1 in 2024?!? But at this point, given the action in RIVN and C are similar, I'm sticking with it.
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 brother, look at the end of the day, how well everyone does reflects on me. I don’t want anyone to ever say I misguided them
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.
Wow! Nice work my man 75% on a leap is awesome
Didn't make this play either but I was noticing that there wasn't a single bearish trade and was wondering what to make of it given the stock was just bouncing around between 8 and 12 for a few months. At one point I got assigned a bunch of shares because I was selling puts and sold at a nice profit, but holy smokes didn't see this coming. But now the lack of bearish signal makes total sense. The fact that we can see this is incredible. Thanks for everything James. (Hope you're doing ok given everything going on in your life. Hang in there.)
Thanks buddy appreciate it, hoping we get some good test results this week from a bone marrow biopsy till then a bit stressed. This rivian move is insane I don’t recall the last time I saw a real company move 60% ah haha
By the way, we're seeing the exact same thing in C right now. Ton of bullish action with not a SINGLE bearish trade. I'm long the underlying, though I've sold calls against it. If I get assigned I'm going with the risk reversal you suggested some time back. Otherwise, holding on. But it seems like there's something brewing there as well. Had the front page WSJ article last night and thought it might do something today. Alas not today, but again feels like anything could happen at any moment.
Incidentally, I didn't find the WSJ article to be too flattering about the company. I walked away feeling like it was more risky than not. But it's trading at 0.6x book value. WTF trades below book value of 1 in 2024?!? But at this point, given the action in RIVN and C are similar, I'm sticking with it.