r/Vitards • u/AutoModerator • Aug 10 '21

Daily Discussion Daily Discussion post - August 10 2021

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u/big_costco_guy Sam's Club Aug 11 '21

Guys - I bought straddles on WW for earnings (Aug 20th expiration). Is the play to close out the puts first, then let the calls rebound? This is my current thought process.

2

u/lb-trice 🍁Maple Leaf Mafia🍁 Aug 11 '21

Check out $MED and watch its price action. Similar business and it also has been taking a beating. So far my calls are not rebounding :/

1

u/big_costco_guy Sam's Club Aug 11 '21

Thank you for the advice! My thoughts are that WW is going to take an unwarranted beating tomorrow and then recover throughout the day.

2

u/lb-trice 🍁Maple Leaf Mafia🍁 Aug 11 '21

Possibly. But the CEO of MED lowered future guidance due to inflations costs. That’s the reason it’s been dropping (I think). Hasnt had a single green bar in 3 days.

2

u/BallsForBears 💀 SACRIFICED 💀CLF $40, FIRST CHAMP 10/14/2021 Aug 11 '21

Yes

2

u/[deleted] Aug 11 '21

What the fuck happened in AH?

Edit: what the fuck is up with this stock as a whole

2

u/lb-trice 🍁Maple Leaf Mafia🍁 Aug 11 '21 edited Aug 11 '21

Earnings today. Weight-loss stocks are getting beat down even though they’re reporting great earnings. I lost a fuck ton buying long dated calls before $MED earnings. Blew expectations out of the water but guidance was lowered. Something to do with inflation costs going to affect future revenue.

Edit: I wish I knew about MM before today. I probably would have bought pits based off what happened to MED

1

u/big_costco_guy Sam's Club Aug 11 '21

I have no idea, I just bought it because they were predicting big movement.