I only bought one put just as a gamble. I heard a convincing argument made against the stock on CNBC. I paid $315 for it. Before the day was over, NFLX was getting hammered to the downside and now it was worth $460 - a tidy amount.
I should have booked my $145 profit like my gut told me to, but instead I got a tad greedy and kept it overnight.
Unfortunately UBS upgraded Netflix the following morning, and by lunch time Comcast said their streaming service lost subscribers (which was interpreted as favorable for Netflix), so the stock ended UP 7% in one day.
Thankfully I read the tea leaves and dumped my put for $150, about half what I paid for it.
I still think NFLX goes sub $300, but I have no money on it.
I missed the NFLX train so I just stay away. I was too stupid to hop on then. That means I'm too stupid to hop on now. Same with AMZN.
I saw that the other day. I dont know much about it though. (earnings, business model, revs, etc)
I don't know much about SPCE other than Chamath Palihapitiya invested in it. Virgin Galactic did reverse merger with Social Capital Hedosophia which was Chamath's company to create Virgin Galactic Holdings (SPCE). So I'm really betting on Chamath Palihapitiya and his ability to invest and identify early winners. I saw the SPCE IPO headline last October and thought about buying it then around at $10 because of my respect for Chamath. But I was busy with TSLA so I passed.
SPCE is story stock. It's the only public pure play on space industry which is hot area of interest right now from investors and general public. I feel like if you buy this stock today, you're basically investing in a startup as venture capitalist and have to assume you'll lose everything. But as with many story stocks, the sky is the limit right now because it doesn't trade on any fundamentals or profits because there aren't any and might not be for very long time if ever. But because of that, there isn't any metric you can compare or apply so you're only limited by your imagination as far as valuation. I guess you could sort of compare SPCE to SpaceX, but SpaceX is private. SpaceX is valued private around $40 billion but should be valued much higher IMO because of the upcoming Starlink and its total domination of the whole commercial space industry. SpaceX would be valued at over $100 billion right now IMO if it were a public company.
SPCE is currently valued around $3.4 billion and has pretty low float with sizable short interest. So I think there's potential there for SPCE to go up in price. SPCE could triple in value from here and hit $52 and yet still only be valued at around $10 billion. So if enough hype and momentum builds for SPCE, I could potentially see SPCE hitting $100 or even $200 rather quickly. At $100, it's $20 billion; at $200, it's $40 billion. Sort of like how story stocks like Tilray and Beyond Meat attracted speculators and momentum traders and mooned to crazy heights completely destroying shorts in the process before finally crashing back down to reality. Will this happen? I have no idea. Could this happen? Definitely. Anything is possible with story stocks as we often saw during the dotcom bubble. There were such demand and appetite for internet stocks back then yet there were only so few public companies in the beginning. So anything and everything Internet related were bid up huge. Maybe we'll see the same thing with Space stocks, who knows. I just view it as speculative gamble just like buying Bitcoin. I think it's worth throwing some play money at it and see what happens. SPCE dropped further today so I bought another 200 shares at $16.42 so I now have 1,400 shares at an average price of around $17.54. I might pickup another 600 shares to make it even 2,000 shares if it drops more but I think that's going to be my position limit for this moonshot gamble.
Trump tweeted this today. Imagine if SPCE got some type of US military contract. Stock would explode.