CVNA is still a bearish position for me I plan to put in a 70/75 Bear Put Spread as it seems to be continuing sideways I felt my 60/65 spread was too close and I took a loss on it. In the end it may still have been a fine position I could have over reacted out of fear.
I plan to put on this trade $70 profit max loss is $430 I will buy 2 spreads
$140 max and $860 max risk
Profit target is $70 and max loss is $140
Target exit will be end of June.
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Trade is not active yet. Waiting for a good entry.