Wednesday, August 17, 2022

toxic winner

Shorted BBBY today. This has been a wsb runner, and it rejected the important $30 level. But it didn't make my move until the last ~10 minutes of the market. I tried to hold for a price target or a massive (if arbitrary) pltgt. I had no intention to hold overnight so I yanked it not too badly at 15:59:06. OY! The attention I gave this all day. ugh!

Something interesting about this trade was the way the premium changed. The option at the 12:00 low was less than I bought it. And then, also oddly, at about 3:20, the option price was above where I bought it and the option price climbed before the stock price gave out. Interesting!!












Much later after hours, this thing is losing its sh$t, all the targets I wanted. So, what's the interpretation? Who was holding it up during the day (wsb?)? Who's selling after hours?



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