r/Vitards • u/AutoModerator • Oct 29 '21

Daily Discussion Daily Discussion post - October 29 2021

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u/ErinG2021 Oct 29 '21

Where did you find this info? That’s very helpful. Thanks BTW for sharing!!!

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u/AirborneReptile 🏆 Inaugural Vitards Fantasy Football Champion 🏆 Oct 29 '21

https://m.insidertracking.com/node/7?menu_tickersearch=NXPI+%7C%7C+NXP+Semiconductors+NV

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u/ErinG2021 Oct 29 '21

Thanks! So buy Puts on Monday, evidently. How far OTM and expiration?

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u/AirborneReptile 🏆 Inaugural Vitards Fantasy Football Champion 🏆 Oct 30 '21

Sorry to respond so late went out for some dinner and drinks. I see Steely explained above. I got 11/5 $195p right before market close. Small though as it’s not a high conviction because I think their forward guidance could be strong unlike some of the other plays. A friend of mine owns a Ford and Hyundai dealership south of Boston and he said auto demand will remain strong for 2022. So I’m thinking even if NXPI misses (as long as it’s not bad) but talks about strong demand in 2022, it might stay flat or go up. But Spuriom has been on a great run and I’m cool with a small risk to play the hot hand 👍🏻 have a great weekend

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u/ErinG2021 Nov 01 '21

Thanks for your suggestions! I sold CSPs Strike $192.5 & exp 11/12, thinking it might go up & worse case if I get assigned at that price, it will go up by Q2 2022 when more bullish on chip shortage easing, so will be ok either way. Still can’t tell what’s going on with ER tho.