Posted on February 1, 2021
Because if you are, Facebook and Twitter gonna gitcha!
We at A Jew and His Money, on the other hand, will aid and abet any and all efforts to stuff oneself silly at the expense of haughty hedge fund managers and corporate banking loudmouths with whom we share (almost) nothing in common.
But first, we’ve got one to close for a full plate of profits.
It’s our EXPE initiative, originally launched on November 23rd, the details of which can be found here.
In short, we’re holding the EXPE March 19th 130 synthetic short, along with a debit of $1.56 on the side.
And today, the long 130 PUT goes for $14.35 and the short 130 CALL trades at $8.35.
Sell the former and buy back the latter and you walk with a net $4.44 on $1.56 spent.
And that’s a very hefty 284%.
We’d call that a brilliant day at bat.
Today’s action is like this –
We’re directing beanballs at WIX (NASDAQ:WIX) and looking for a knockout.
WIX is the free website company that’s never earned a nickel, but whose stock has done nothing but rise since her IPO in 2013.
Consider the fundamentals –
Which brings us to the charts.
Have a look here –
With kind regards,
Hugh L. O’Haynew