I am short CHK puts, $4 strike price in August. I am not worried about those shares going under 4, you think I should be? This market bubble is so strong maybe we can go 10 years without 10% correction it has only been 4.
Not only that I am short CHK August puts, $4 strike. It's just monopoly money now- not enough left to even care about.
Problem is I keep believing "pundits" who say the Federal Reserve will raise interest rates! I now see they will not!
And is this person insane or a genius?
As a follow up, what do you think for the market as a whole? Seemed like it liked what it heard from the Fed, but 7 years in a row up and a Shiller p/e of 27 looks a little frothy?!
I sold mondo naked puts to recover some of my losses, I need this POS to stay over 27 even if it's just 27.01. It seems like selling pressure is wearing out.
Watch them run it down to 27.01 just to mess with me. It's really a POS.
I am with you I took 500K account down to 68K now... yesterday a friend told me to buy RJET, it went up 50%. I still would be down from 500K to 100K, but let me tell you 100K sounds better than 68K...
If I am long at 26.95 will sell covered calls.
I have learned not to chase these social media POS stocks (I hope).
Not sure if I should get back in right now, feels overdone and snap back but I am in shock right now. Can't believe this down from 90 to here.
Today. I wish I had sold them at 60 cents (naked sell) because I bet they drop tomorrow.
No, but I just lost another $3500 on the YELP drop. I'm now down from 500K to 67.5K. At this point it's pretty clear I need to stop before it hits 0.