Thursday, June 20, 2019 10:37:00 AM
@poppa
For whatever it may be worth, what I did today was...
I had a bunch of July $5 Calls that I sold at $7.46, dunno about $2,300+
I figured that June options expire tomorrow so the pop today is a bunch of shorts with their shorts in a twist.
This was a batch of calls that I bought because of the Russell presumed pop, but I went ahead and cashed it in because it was doing well and it appeared to top out at the same time other options are expiring.
This is only one of a few sets of options and equity position, I keep a lot riding on the PIII report.
Now I am looking for a good opportunity to get back in on the Russell play.
Who knows, I could have screwed up today on that one, but, $600 turned into $2300 so "good enough for now" on that one.
I guess the point of this, is that you can play multiple different cycles at the same time, one position for the PIII, one position for short squeeze, one position for Russell listing... ( if you are disciplined and keep the ideas of what you are doing and why separated )
In any case, I think the share price is simply dirt cheap compared to PIII reporting, and probably still significantly cheap compared to June 28 Russell listing.
For whatever it may be worth, what I did today was...
I had a bunch of July $5 Calls that I sold at $7.46, dunno about $2,300+
I figured that June options expire tomorrow so the pop today is a bunch of shorts with their shorts in a twist.
This was a batch of calls that I bought because of the Russell presumed pop, but I went ahead and cashed it in because it was doing well and it appeared to top out at the same time other options are expiring.
This is only one of a few sets of options and equity position, I keep a lot riding on the PIII report.
Now I am looking for a good opportunity to get back in on the Russell play.
Who knows, I could have screwed up today on that one, but, $600 turned into $2300 so "good enough for now" on that one.
I guess the point of this, is that you can play multiple different cycles at the same time, one position for the PIII, one position for short squeeze, one position for Russell listing... ( if you are disciplined and keep the ideas of what you are doing and why separated )
In any case, I think the share price is simply dirt cheap compared to PIII reporting, and probably still significantly cheap compared to June 28 Russell listing.
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