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When that bonus check hits 🥰
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How serious is the investigation into LCA?? Do all SPACs typically go through these?
https://www.globenewswire.com/news-release/2020/09/17/2095218/0/en/SHAREHOLDER-ALERT-Kaskela-Law-LLC-Announces-Investigation-of-Landcadia-Holdings-II-Inc-LCA-and-Encourages-LCA-Stockholders-to-Contact-the-Firm.html
anyone gonna buy any calls before market close?
7/15 Thread (BC):
11/27 Thread (General):
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It can’t go any lower. Can it?
Coach
It’s a bad idea, but I’ll play.
The volume on USO was kinda high today - over 800M, or 10x average volume.
LT puts are insanely expensive - look at 400-2,000% returns that some experienced today and IV over 400. You’ll be crushed unless someone other than you thinks it’ll go to 0 and is willing to pay an even higher premium (at a much more narrow profit margin). Cushing is filling up, but producers are also scaling back fast.
Disregarding the premium on USO puts right now, anything other than LT could crater if gov opens up SOR to soak up storage capacity. The market initially wouldn’t pay attention to the fact that WTI would need to be blended, etc. and will likely pump up decimating ST puts and causing you to take an L since premiums likely won’t recover pre-exp. In fact, the way this market is acting, it doesn’t need to be anything based in fact and can just be a tweet.
Probably missed a few things, but trying to type while on call 🤫
Sooo USO calls then
No
Sold it haha, we’ll see what happens I guess 😂
No
Welp, I really should have kept those puts
But I made like 10% before selling atleast