Or to avg down a short position by selling these puts. That's how I'm positioned so I know of what I speak. I'm actually short 3k shares and am down a few grand. But I'm short twice as many put (65 to be exact) under the stocks current price. 15 of them at the 28 level which I sold after earnings and these are up nicely. I'm also short 50 at the 26 level; 30 of which I sold before earnings. I'm up a lot on these. Net net, I'm about even. All my puts expire next week so I'm a short but would like P above 28 next Friday. That's assuming I don't close the puts out prior which is likely as there is not much juice left in them. My point is that it is hard to tell exactly what the bias is by looking at the options market. Good luck to ya.
Social-media stocks followed the lead of Twitter Inc. Tuesday, as the microblogging company's stock continued to reach new highs following the release of tools aimed at better targeting ads for customers.
Twitter (TWTR) climbed 6%, to $52.10 as investors threw more support behind the company after last week's release of a new feature called "tailored audiences" designed to help advertisers find and send ad messages to potential customers on Twitter's network. Tuesday's gains followed on the heels of Twitter's stock rising more than 9% in Monday's trading session.
Among other social-media stocks, Groupon Inc. (GRPN) rose 5%, to $10.10, Pandora Media Inc. (P) was up by 3% at $29.02, Netflix Inc. (NFLX) rose 2% to $362.78 and Facebook Inc. (FB) was up by almost 2% to trade at $49.69.
=There is a lot of money betting on this company going down.
Ditzil posted this on the ABAT board:
ditzil • Sep 25, 2013 6:05 PM Flag
I invested 30k in Pandora puts today
Bought the dec 17,18,and 19's
They are going to expire worthless. He has been trashing P on every board he infects. Almost as bad as his AMZN call. He bragged about buying Puts for $280, $275 and $270 and it promptly went to $399.
Has he bored you talking about AAPL yet? He rode them down from $705 to $385 and now is claiming how great he is because it is "only" down 20% while everybody else has made big bucks in the market since AAPL was at $705.
This doesn't include his 8 for 8 losers picking Chinese fraud stocks. He self-disclosed 7 for 7 losers and then had one more.
This guy is hilarious. We thought he had his drinking problem under control for awhile, but he is obviously off the wagon again.
Does anyone find it strange that tommorrow's anticipated announcement that Spotify is giving a free service for listeners yet Pandora's price is rising? Perhaps the announcement is not what we all think?
There is a lot of money betting on this company going down. Whenever that happens there are forces on the other side trying to take out the shorts and puts. Absent any clear PR showing the model is failing this will keep happening.