$OSTK This name had a good bounce today re: our post yesterday " maybe cover of you have a home run from $60 with us" but it was a weak bounce and we're still looking to cover at $26 #trading #fintech #blockchain #crypto #bitcoin
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Flat this morning as we thought and we're still VERY SHORT from $60 - this has been a great trade getting better - looking to cover at $26 as posted last week.
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Nothing has changed in our short on this name - we're looking to cover 30% lower from here and it may even drop much lower than that but we're out at $26 -this is already an exceptionally good trade with deep in the money puts but we think there more in left to the downside.
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Down another 4% this morning. Headed towards our "cover" price of $26 - this has been a GREAT trade thus far.
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Down another 5% today.