MakeMyTrip Ltd (MMYT)

[ClarkKant]

Ibibo airline was marginally profitable as of this past summer. I can understand the pure headline pump hype up to $32 but not sure what is warranting a $29 to $32 bounce here mid-day but it's a pure gold opportunity to short.

I'm short like you here in the $31s and we'll both make $$$ here on the buyers who only read the headline about a merger and pumped this way beyond where it should be.

Also as of about 30-minutes ago, it looks like the company is selling shares now....can't blame them.

$32 PUTS bought @ $31.80 and short @ $31.75......should make a killing a week from now if not earlier.