He bragged in another spread he didnt close the position out when the stock rallied to 19.37 and the vert was trading at close to 30 cents BITO sold off and closed at 19.04.. Hopefully numnuts wsnt caught holding the bag
My thought process yesterday was I could take .21, ...but I think .75 was within the expected move...so I took a nap. When I woke up it was .31 so I figured I could be risking all of it if it retraces Friday, and the TA kinda confirmed it so I sold. I ended up having to call it in cause it was rejecting it lol....and for once that worked in my favor and I ended getting .33. I think the high was .41 so I got the middle. If only I napped a bit longer
It was a .50 wide vert??? Any idea where the 19.5-20 Call spread traded when the stock traded at the high?? Nice trade!