If so, it might go all the way where indicated. I went long on the 0.15 -day just for fun speculation with 2019 calls. Seems they are well in green. Pure luck :)
So you believe in a multi-day short covering rally?
UnknownUnicorn540299
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@dsankie21, I don't have any time specifics for this trade. But for the best shortsqueezes they should occur fast and brutal. However, sellers were able to push price a bit back. Best when sellers are losing control. Its gonna be interesting to watch, because buyers might come back to trade the retrace and next wave of covering may happen. This is pure speculation with little money. And I have a lot of time (2019) on this trade with 10 contracts (10x100 shares with Strike = 0.5). If things go completely nuts (like ie DRYS) it may be a fun endavour.
dsankie21
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interesting trade, If i had a couple dollars burning a hole in my pocket would this still be a good trade?
or is it too late?
UnknownUnicorn540299
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@dsankie21, This is a very speculative trade, SDRL has filed for chapter 11 and after the complete breakdown I entered. I think u might be a bit late for this one unfortunately, because we are not guaranteed my target will be seen. However, I believe in it, or else i wouldnt take the trade :)