Kind of a wild play, bought a couple of IRBT March 15 call contracts on the dip because this thing is 110% institution owned with a lot of shorts trapped from the 2 downgrades.
Completely a short squeeze play, P/E is 42 so there's no fundamentals here. Looks like the squeeze target is $150, but I'm nailing by the end of the week regardless.
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*bailing (lol)
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Added one more contract on the dip this morning. Still a small play since IRBT options liquidity sucks.
i m short but i agree with u ... liquidity sucks in options. very difficult to buy or sell at limit price. I added 130 put at 119 and now ran to 130. Waiting for 135 and will add 1 more put
NQ95
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Noooo
I just shorted the SPX :(
hungry_hippo
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@NQ95, IRBT has nothing to do with the market. It's in a world of it's own with a short squeeze, there's no shares to be bought and idiots keep shorting it. Trading on borrowed shares.
It's a gamble for sure, but a small one.
hungry_hippo
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@NQ95, see I told you it's a short squeeze, doesn't care which way the market is going.