BIGC vertical looking good.

Sept 18 $85/$75 put credit spreads have a $2 premium right now. Underlying price is $114.

 

BIGC upside premiums last week were completely wild.
When underlying was at 140$ couple of days ago Sept 18 180$ CALLs were 16$...

People think if a tech company can double in 2 days why can't it x3 / x4 in two weeks? Maybe 10x? Madmen's math. It was my biggest discretionary 24h gain over a long time.

PS. Wish you luck on your trade!

Val

 

Now it is $1.60 with an $850 risk. The chart looks good for a bear credit.

 

I ended up getting $2.10 this morning because I couldn't pull the trigger when the mark was around $2.40. Had to chase it down.