OK I don't short stocks EVER, and the volatility premium on JMIA is stupidly expensive right now so as much as I want to, I'm not buying a put at these prices, but JMIA is acting ridiculously. So let's pretend I shorted it at 13.00 and I'm thinking this is a hopefully 1 day trade, but whenever the next down day is I cover the "short" win or lose.
This is for entertainment value only, it is NOT investment advice OK?
P.S. Yes I know I just made a long call recently (and closed it at a solid profit right before it spiked 30%) but I just can't believe this stock has much more upside runway short term.
This is for entertainment value only, it is NOT investment advice OK?
P.S. Yes I know I just made a long call recently (and closed it at a solid profit right before it spiked 30%) but I just can't believe this stock has much more upside runway short term.
Note
"Trade" result summary (for my purposes)Note: short "trade"
Wins 1 Losses 0
+4.4% in 3 days
Avg return = +4.4%
Avg hold = 3 days
Per lot per day held annualized return = +369.6%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.