phagefish
2022-06-09

Good thing that I shorted Nio by buying the $21 strike puts when it was near to the peak yesterday. May trough to yesterday peak would need a stellar positive GAAP profit beat to sustain let alone now a loss making GAAP. Obvious one to short. Waiting to cash out soon when market opens.

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Comments

  • 水池
    2022-06-09
    水池
    Beware of IV crash
    • phagefish
      yes. got out at the start on the 9th.
  • Juvie
    2022-06-09
    Juvie
    whats next
    • phagefish
      I switched to selling otm puts on SQQQ on 9th. closed otm SQQQ puts on 10th after the fall. then switched to selling ATM puts on SQQQ to partially hedge my portfolio against the bear market.
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