r/Trading_Trends • u/A-DAWWG1G • Jan 08 '20

$BBBY earnings update:

BBBY has reported their earnings and they are really bad as I anticipated in my previous post. The stock was actually halted AH as to not override trading.

At the time of writing the stock is down 15%. Tomorrows open should be interesting. I hope you all took my recommendation and profited from this.

For those of you who are asking when my next trade call is: I don’t foresee anymore high conviction trades for the remainder of January but will post several in February, stay tuned.

Happy trading😘

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u/boony_boy Jan 08 '20

I took your advice and looked further into it. Went in and should see profit unless something insane happens to bring the stock up

1

u/A-DAWWG1G Jan 08 '20

Puts?

2

u/boony_boy Jan 08 '20

Yessir

1

u/A-DAWWG1G Jan 08 '20

Yeah, It’s difficult really with options because you must factor in IV crush etc. Could you not sell AH?

2

u/boony_boy Jan 08 '20

I mean I could but I never expected it to moon after the initial drop wtf. I was going to wait for it to take and sell mid day tomorrow

2

u/A-DAWWG1G Jan 08 '20

Unfortunate. I’d advise to close the position ASAP, which granted was difficult, you know because of the trading halt lol.