Here's a trade in GOEV as it gets hit with a triple whammy.
With the moves in the Volatility Index and the S&P, I'm betting this one goes below $90 in the near future.
Thus far I've learned not to bet against Chamath Palihapitiya.
I notice when bids for way-out-of-the-money calls on stocks I own are attracting what seem to be overly generous premiums. Here's an example.
CMPS may be a company representing the true cannabis 2.0. The irony in that is it isn't a cannabis company but rather a play on psilocybin.
We have just the recipe for the banks to continue their upside move.
I am short-term bearish on the valuation of this stock, and see an unbalanced put butterfly as the way to go.
Here's how I manage my investment in Caleres.
These puts are a buy, in my view.
There are no options to buy here but with the stock under $12.25, I do think we can see a strong push back to recent highs.