{"id":16189,"date":"2021-03-05T11:36:56","date_gmt":"2021-03-05T15:36:56","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=16189"},"modified":"2021-03-15T13:39:21","modified_gmt":"2021-03-15T17:39:21","slug":"spce-put-sales","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/spce-put-sales\/","title":{"rendered":"[CLOSED] &#8211; SPCE Put Sales"},"content":{"rendered":"<p id=\"nCiDSMa\"><img decoding=\"async\" loading=\"lazy\" width=\"885\" height=\"865\" class=\"alignnone size-full wp-image-16190 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424e716bd11.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424e716bd11.png 885w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424e716bd11-300x293.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424e716bd11-768x751.png 768w\" sizes=\"(max-width: 885px) 100vw, 885px\" \/><\/p>\n<p>Bubble? What bubble?<\/p>\n<p>SPCE has round-tripped its most recent parabolic rally. Momentum traders who are still holding out are puking, and anyone who bought the dip early are taking some serious heat. I want to fade this move, anticipating that the downside risk is a little bit overpriced.<\/p>\n<p>Nothing has changed with respect to the stock. Earnings&#8230; well, they lost money but everyone new that. This is more just a proxy-momentum-breakdown that is occuring with many other names as well.<\/p>\n<p>Here&#8217;s the trade setup I like:<\/p>\n<p id=\"ouGfEiF\"><img decoding=\"async\" loading=\"lazy\" width=\"600\" height=\"450\" class=\"size-full wp-image-16191 aligncenter\" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424f6818e23.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424f6818e23.png 600w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424f6818e23-300x225.png 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Very simple premise here. Currently the stock is crashing and coming back to the topside of its earnings trading range. I&#8217;m very OK with owning SPCE at a basis of 17.80.<\/p>\n<p>Here&#8217;s what it looks like on the chart:<\/p>\n<p id=\"lGQYhhd\"><img decoding=\"async\" loading=\"lazy\" width=\"882\" height=\"888\" class=\"alignnone size-full wp-image-16192 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fcd678f5.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fcd678f5.png 882w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fcd678f5-298x300.png 298w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fcd678f5-150x150.png 150w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fcd678f5-768x773.png 768w\" sizes=\"(max-width: 882px) 100vw, 882px\" \/><\/p>\n<p>Always the possibility I&#8217;m early, so look to add on the name if it trades into the 22s.<\/p>\n<p>If you want to manage your margin a little better, you can buy the 15 put and convert it to a bull put spread.<\/p>\n<p id=\"GENSXUR\"><img decoding=\"async\" loading=\"lazy\" width=\"877\" height=\"578\" class=\"alignnone size-full wp-image-16193 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fff435e9.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fff435e9.png 877w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fff435e9-300x198.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_60424fff435e9-768x506.png 768w\" sizes=\"(max-width: 877px) 100vw, 877px\" \/><\/p>\n<hr \/>\n<h2>Update, March 15th, 2021<\/h2>\n<p>Closing out the trade.<br \/>\n<img alt='' class='alignnone size-full wp-image-16218 ' src='https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_604f90934d7b5.png' \/><br \/>\n<img alt='' class='alignnone size-full wp-image-16219 ' src='https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_604f909c69baa.png' \/><br \/>\n<img alt='' class='alignnone size-full wp-image-16221 ' src='https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/03\/img_604f90ab7b1d1.png' \/><\/p>\n<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style>\n<div class='embed-container'><iframe src='https:\/\/www.youtube.com\/embed\/\/E8KmoFZ4YRA' frameborder='0' allowfullscreen><\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bubble? What bubble? SPCE has round-tripped its most recent parabolic rally. Momentum traders who are still holding out are puking, and anyone who bought the dip early are taking some serious heat. I want to fade this move, anticipating that the downside risk is a little bit overpriced. Nothing has changed with respect to the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[29,27,32],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16189"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=16189"}],"version-history":[{"count":5,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16189\/revisions"}],"predecessor-version":[{"id":16224,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16189\/revisions\/16224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media\/16193"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=16189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=16189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=16189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}