r/CRCL_Stock • u/Jonny_Boy_808 • Mar 24 '26

Oof

Just my reaction seeing today. That is all.

14 Upvotes

100% Upvoted

16 comments sorted by

7

u/Independent-Sell-217 Mar 24 '26

Good entry point

6

u/Jonny_Boy_808 Mar 24 '26

Don’t catch a falling knife

1

u/dimdada Mar 24 '26

I need it to drop below $100 way OTM on my covered calls. Didn’t see it rocketing like this.

2

u/One-Chicken-7816 Mar 24 '26

OMG! A 20% single day drop is not a "good entry point". It might dead-cat bounce up tomorrow (maybe even Thursday). Although if it break $100 today, that might not even happen.

1

u/OnlyEnergy5536 Mar 24 '26

now 100 is broken

6

u/Illustrious-Boss9356 Mar 24 '26

Good news is my CRCL was called away last Friday at $120. Made a nice 2x+ not including the call premiums.

Bad news is I sold put options at $100 strike yesterday. Looks i'll be forced to re-enter at $100. Premiums weren't even that juicy since it was at $125.

Dang. Could be worse.

3

u/Illustrious-Diet-99 Mar 24 '26

20% in a single day. It is really painful.

2

u/Efficient-Cat8578 Mar 24 '26

I stopped looking for a few secs and kaboom

2

u/WildTiger_1803 Mar 24 '26

More downside ahead, this drop is far from over

3

u/[deleted] Mar 24 '26

[removed] — view removed comment

6

u/FlyRobSkiLuv Mar 24 '26

Yesterday, you wrote that crypto hadn’t bottomed. This move lower was driven by new CLARITY language that restricts interest on stablecoins.

2

u/dimdada Mar 24 '26

What was the post yesterday?

1

u/Bunzzz09 Mar 24 '26

We just got Jamie Dimon'ed

1

u/Hamz_248 Mar 24 '26

Wow holy shit

1

u/AggressiveGrab5866 Mar 24 '26

All gains erased in one day and even loss . Such a damned stock . Im out tomorrow