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_throw_away_2019 OP t1_j6pd3vi wrote

Reply to comment by bbatardo in I bought 5k Wendy calls, how regarded am I? by _throw_away_2019

I’m a chart guy not so much of news. If you look at the chart there was a giant engulfing candle on a downtrend + volume on the buy side. I realized .80 cents was within an IV range. The calls were cheap so why not

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_throw_away_2019 OP t1_j6ped1a wrote

Also IV rank is low so it’s cheap if it expires at the money which is 45 days from now I 60% profit.

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bbatardo t1_j6pg719 wrote

At least you did some research on top of your YOLO, best of luck.

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