Hit In The Face With A Throw Pillow

Well, folks, the BBBY saga has truly come full circle. Here we see how in a matter of just a few days the stock was squeezed up 100% and then squeezed right back down to where it started. Who knows how many 19-year-old wanna-be “traders” got destroyed by this, and their dreams of being “apes” and pushing this thing to – – I am not making this up – – $300 per share.

(Click on image to enlarge)

Looking at the volume below, you can see how the only thing “ape” about this entire farce was that trading went ape-shit, and I daresay those selling call options to these nimrods are dancing for joy in the streets.


More By This Author:

Beyond Implied Volatility
Relative Strength
Perspective Retention

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with