Short play in Gluggle

Actionable Trade-Alert

from Rick in the Trading Room

(Please check all related discussion in the room before you do any trades.)

If you’ve been lurking for the last six months and trade only the seemingly lowest-hanging fruit, don’t overdo this one. It’s just an average opportunity, nothing special.

 

 


Monday, December 18, 2023

 

10:00

10:08

  Rick

Gluggl would ripen as a ‘mechanical’ short at x=137.43. The expiring 135 puts, currently at 0.76 and falling, should be trading for around 0.50 then. Bid 0.450.50 for a few, day order. You can also naked short them while you wait. Here’s the chart of Gluggle:

10:08

  Rick

https://bit.ly/4843hVM

 

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