|
|
Options Strategies
|
|
||
Re: Week 45 // Update on BYNDI wanted to post this column from Barron's that discussed the wild ride of BYND stock last week (and probably this week as well). What transpired was that roughly 1/2 of the outstanding shares were sold short prior to the company's first quarterly earnings report. When the company beat expectations, the pps took off...and short sellers were burned... big time...to the tune of $400M (so far). So now, in managing my 2 rolled positions in BYND (one bearish, one bullish), I will to navigate the price swings between more short covering and those finally cashing in on a 500% gain in the pps since it went public. https://www.barrons.com/articles/beyond-meat-stock-shot-higher-because-short-sellers-lost-big-time-51560522369?mod=RTA Fun times ahead. |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
2704 | Week 46 // Monday Preview | sandiegodude2000 | 1 | 6/17/2019 3:40:04 AM |