Trade Alert: Short Term, Speculative

Grabbing a tiger by the tail.

Grabbing A Tiger By The Tail

We already have an options trade open on this stock, but today it’s down double digits on no news. Our trade is a bet that it recovers some of that drop by the end of the week.

If we’re right, our maximum upside is uncapped, but could be 100% or more; if we’re wrong, our maximum loss will be 100%.

Details below.

Today’s Short Term, Speculative Trade

The stock is Up Fintech Holding (TIGR 0.00%↑), and our trade is buying the $7 strike calls expiring on February 28th, for $0.39. The max gain on 4 contracts is uncapped, the max loss is $156, and the break even is with TIGR at $7.39. This trade filled at $0.39.

Exiting This Trade

I’m going to set a GTC order to exit half of these calls at $0.80 or $1.20, and try to get out of all of them before expiration, ideally for more than I paid for them.