Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

appmanga

(948 posts)
6. Bought 5 put options yesterday...
Tue Apr 16, 2024, 10:37 AM
Apr 2024

...after I had forgotten to do so when it was still at $47. It hit the target ($27) that I had scoped out at that time this week. I'm hoping it will finish the crash and start burning before the end of the month. This is the first stock I've seen in years that has a very good chance of going to zero within three months of its issue.

ETA: Getting shares to short is incredibly expensive as there were only a few that were issued and there's a huge premium to borrow any of those.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Culture Forums»Personal Finance and Investing»Is anybody else shorting ...»Reply #6