My speculative play on NFLX competitor CSTR bombed. I started out with an ITM bull call spread that tanked the next day or two, and continued to s[t]ink from there. What a miserable stock. Fortunately it was an undersized position. -100%.
I have called shares from a $20/25 CVI spread and a $22/29 FMCN spread. Both upper (short) calls went OTM the day before expiration, but I still have a decent profit. Maybe we'll have a nice rebound on Monday and I can sell those shares above those strikes and make more moolah than the spreads would have. Be on the lookout for flying pigs too.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment