There is a short term top coming in FXI and PTR, might see another 25-50 points on PTR and another 15-25 on FXI but when its time for that quick sell off both will give up 25% in a few days. Im in around 258 and will add more IF it gets above 300 on PTR, not worried, I have seen these type of stocks correct 30% in a few days. I would get bullish on these after a really nice correction.
Buying far out deep OTM puts on these explosive upward moves is a lot less risky than outright shorting into them and adding to positions that might go against you (a lot). Just my 2 cents, good trading everyone.
a sweet day for me today. up over 30k in premarket. took a risk and it worked. now 2 days ago if i did i would have been down