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Scott Mason posted an update 7 years ago
For today, short RIOT just to get the T-shirt, also short /VXU8, and put spread in spanking new UVXY Feb 23s
Also, I closed my short in INTC and flipped long with 45 calls.
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Well done Scott! INTC ran into a battle axe. Nice overreaction in the share price to take advantage of. I owned long in the portfolio from 2015-2017 and did well. May pinch off a few more dimes on UVXY prior to the forthcoming reverse split.
I don’t think they are getting out of this so easily in the long run.
But in the short run, for me as a trader, it was very good practice at turning on a dime.
Nice when you can play both sides of the trade on profitable swings.
Now, if I can just learn to do this with UVXY!
“long against the box”