I bought puts in CONN.

music selection:  “Left Of Me” — Gemini Syndrome

I’ve had a good till canceled order open on the longest dated CONN puts for some time.  Today, my order filled and I bought 8 contracts of the 8 strike 16APR2020 puts for 1.25 a share.  Conn’s bills itself as an electronics and homewares store.  It is really a subprime lender using its merchandise as a hook to entice people who no one else will finance to take on high yield debt.  I think it is a house of cards and I want to bet against it.  Wish me luck.

Devour your prey raptors!

Long Put Conn’s (CONN)

Never miss another opportunity to devour prey!

2 thoughts on “Long Put Conn’s (CONN)

  • October 9, 2020 at 3:28 pm

    Not sure about CONN but have you seen the volatility skew on the indexes lately? Apparently the market expects the apocalypse by Xmas. Thinking about going to calls and cash or trying to arb the difference between OTM put and call prices.

    • October 9, 2020 at 3:45 pm

      The markets are very jittery. My Monday trade this time is more defensive in preparation of the election.


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