Kind of a wild play, bought a couple of IRBT March 15 call contracts on the dip because this thing is 110% institution owned with a lot of shorts trapped from the 2 downgrades.
Completely a short squeeze play, P/E is 42 so there's no fundamentals here. Looks like the squeeze target is $150, but I'm nailing by the end of the week regardless.
Completely a short squeeze play, P/E is 42 so there's no fundamentals here. Looks like the squeeze target is $150, but I'm nailing by the end of the week regardless.
Note
*bailing (lol)Note
Added one more contract on the dip this morning. Still a small play since IRBT options liquidity sucks.Trade closed manually
Sold everything on open, even this looks weak
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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.