Sonos just falling like a stone.
Honestly, I knew that I should have strangled Sonos but I felt the momo on the plus side after forming a nice cup and handle.
A strangle is when you buy both the call and put options with the same expiration date but different strikes. You can make money in either direction as long as the underlying stock is volatile and moves quickly, aka Sonos this week. Of course, one of the options will lose money but you're hoping that the other's gains would more than offset the losses.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment