Short TTD for a Bearish Bagger

It's trading in the 900s.

It was trading at least 500 points below here post-crisis.

First bear-bagger of the season has arrived.


TTD
FWB:NDX
IWM

Trade ist aktiv:

Just gonna go ahead and say buy a few JMIA puts before the close as well.

45 bucks is an even bigger joke than the thing presented above.

Trade ist aktiv:

Taking half by EOD. Theres a reasonable chance that no bounce comes and this just rips down to 500s.

Reason being is that the markets been green thus far. When it turns red, this will collapse.

Thus, im keeping half til EOW. If it bounces on me, ill just take my profits from the first half and hammer it down for certain bagz.

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Im not gonna recommend anyone do this if it costs them more than 0.5% of their portfolio, but I just launched some puts (790) expiring today.

Again, not more than 0.5% because its very likely going to miss.

The EV is extremely favorable, though, given the circumstances.

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Should this break down this afternoon, take half out around 734 and the other half around 713.

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Updated Projections:

Kommentar:

invst.ly/tb8-v

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Firing second bullet now - 720, 1/15.

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Holding. Ill get somewhat more alert if it crosses 820 today.

Otherwise, huge move down incoming, IMO.

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Might be the best looking short setup ive seen since Jan 2020.

Im a bit cautious for this reason, but if this spade's a spade, its gonna book a 200+ point drop by eow.

That is sincerely absurd.

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Could see a ridiculous type of move down this week. Would take a short here. Its expensive to buy puts, but it is likely worth it.

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Trade This:

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Sheesh, it will be pathetic if I miss the second short opp given that it is the entire impetus for the play in the first place.

Best believe I'm shorting this if it isn't crushed too badly premarket. Will be sick in the head if this is sub-750.