Seeking Alpha
  • Joel M
    Yet again, CRM is giving us another chance to short back to the 125 level. Consider puts at the end of the day when the movement peaks.
    8/3/12
    Reply (7)
    • FortSumter: Sure, I'll use the profits from my LNKD short. Oops, have to wait. haha
      8/3/12
    • Joel M: My strangle came out with about 20% upside; I wanted more but I'll take it.
      8/3/12
    • Joel M: Just a small step to fill the hole which remains after AMZN puts gave me the shaft.
      8/3/12
    • Joel M: Also considering puts on FB after the jump today and with first set of lockups expiring. GRPN could have a huge squeeze on the 13th.
      8/3/12
    • Joel M: A strangle could be played well there.
      8/3/12
    • FortSumter: FB seems like a risk. I'm wondering if there will even be selling since the expectations were so high they may just wait it out.
      8/3/12
    • FortSumter: A GRPN sell-off wouldn't surprise me since I think they now realize the business has absolutely no moat. Might as well get out.
      8/3/12