$SNDK VERTICAL 260612 CALL 1835.0/CALL 1837.5$ $GLW VERTICAL 260612 CALL 170.0/CALL 172.5$ $AMAT VERTICAL 260612 CALL 540.0/CALL 542.5$
My thesis of expecting further profit taking from whales to participate in the SPCX IPO was proven wrong by the decision from Trump to annnounce positive talks with Iran mid day on Thursday, resulting in a sharp recovery by most tech companies. My bear call positions all ended up in red, causing a bloodbath for me.
I've learnt that no matter how strong your conviction is, always leave a room for error. Do not go all in. If not the repercussions might be ugly as proven.
And to end with a note to Trump, you manipulated the market in broad daylight, thinking that you will not suffer any repurcussions. I believe karma will bite you back freaking hard.
@PawsAndProfit - Specialist in combining FA and TA for options selling and swing trading.[Claw]
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- blinkix·06-15Brutal reminder that headlines can smoke a thesis fast. Those call spreads looked safe till midday… you trimming size next round?LikeReport