Stay away from puts, you are probably right, but charts don't look like a fast drop. Slow steady decline over 12 months is more likely. Shorts may be right, but way too early. You won't see this back at $50 or even $100 until next summer. Don't be surprise if it opens tomorrow around 2-3% down.
Too many shorts on one side of the boat. Too many puts. Cruel market will take advantage of your exposure. They want to sell their shares in peace and your crowding their style.
If the retail stays away from puts then we would be OK, but I think they went all in out of desparation
Keep an eye on Gold and Jackson Hole.
Prediction. Opens 398. Funds selling all day on 4x volume Close at 384 2% up
Or we get some more bad news overnight and we open 386, massive volume 8x volume and close around 370 2% down
If we open at 385 or so, then I suppose it might just be a flat day to screw option holders.
Can't disagree with you. In fact there is a lot in common between AMZN stock certificates and the Federal Reserve Notes.
my two cent tip
Huge % chance USU must file BK to convert the debt to equity. With rising corporate bond yields, it appears debt is going to have to be squashed rather than expanded.
4 times Revenue
12 times Cash Flow
Same stores sales growth 1-3%
Revenue growth 15%
Food Inflation only 6%. Gasoline prices holding steady.
Food taste gets better each time I go visit !
I guess I need to buy some shares from the Mutual funds who bought this stock in the mid 200s. I appreciate them selling it to me for $386. Looks like it's going to keep growing. In fact i just like to trade stocks it's fun!
I say it was Insider sale. Perfectly legal. Absorbed by the relative strength of the market.