Buying ROKU put contracts.
ROKU is a wildly overvalued speculative name that has been in a solid downtrend. We booked some large profits on the name on the way down but closed our profitable put positions when the stock became oversold.
Since that time, ROKU bounced on news of an agreement with Google. But the company’s overall trend is still intact. We’re using this bounce to start a new short position and should profit as the stock falls once again.
- Buy (to open) 4 ROKU January 21st $275 Puts
- Limit $43 or less
- The new position will represent roughly 10.7% of our Spec Model capital
- 13:31 Executed
- Bot 4 ROKU Jan 21st $275 Puts @ $43.00