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Re: varmit post# 1395

Wednesday, 01/22/2020 11:20:53 AM

Wednesday, January 22, 2020 11:20:53 AM

Post# of 3411
I tried one, actually from Impossible meats which is still not public. They are working with Burger King with that Impossible Burger, they are actually delicious. If I didn't know it wasn't meat, I wouldn't have known.

Anyway, I cleaned up on that beyond play. Went 30 by 30 with a synthetic otherwise known as a bullish risk reversal whereby you sell puts to buy calls. It's a directional bet that behaves a lot like the stock except that your purchase price is a function of a short put and a long call. My net cost was about a 1.30 per contract, basically 3300.00. Set that about 3 weeks ago when I noticed unusually heavy volume in the
Jan 31 2020 100.00 calls. I could see that someone was moving a lot of paper on that bet and at the time, the stock was 76 and change.

Long story short, BOOM!