Im outright short at 120 for 1000 shares and wrote covered puts at 110. They are in a 2 bill buyback, thats been propping the price up. I think they have to get close to hotel valuations. I did the same trade with amd nvida guessing they go closer to intel valuations and it worked out.
Entire_Bar5773 t1_iujb4xi wrote
Reply to $ABNB puts or calls? Earnings play. by PopperChopper
Im outright short at 120 for 1000 shares and wrote covered puts at 110. They are in a 2 bill buyback, thats been propping the price up. I think they have to get close to hotel valuations. I did the same trade with amd nvida guessing they go closer to intel valuations and it worked out.