Updated

GOTU Bankruptcy

Here's one for kicks and giggles, GOTU is headed below $10, not sure if it happens next week or not but I bought 10 contracts of $12.50 puts for 45 cents, lol. Rare to see a straight out Enron tank like this.

Don't go too heavy, it may not hit $10 until the following week if it throws a continuation pattern next week. Short the pops though...

Note

Probably an end of day profit taking pop plus options expiration, so probably best to wait until EOD if you're not already in.

Note

Buy puts EOD, you'll get the same price as me, lol.

I expected a bounce today as shorts take profit.... then there won't be any shorts left next week so no buyers

Note

Might double up EOD if I can get in around 45 cents

Note

I doubled up, lol

Trade closed manually

Got a 50% return, good enough for now, but I might re-enter EOD, lol.

Always drops in the morning, hilarious.

Note

Chart patter indicates this rally lasts only a week, because this turd can't rally any longer than that, lol.

Buying $17.5 puts on Friday, that's the plan. The good news for longs is that it means I expect it to get to $17.5

Note

On the watch list for this afternoon, if it doesn;t get any traction I'm buying puts for the gap down on Monday (again, lol)

Note

Chrt pattern indicates it'll hit my $10 in less than 3 weeks. If this doesn't get above $15 by EOD, I expect a big gap down Monday. They wiped out a lot of shorts this week, which means no buyers underneath.

hungry_hippo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

hungry_hippo