i wanted to short it but options too expensive due to stock price and i dont like spreads close ended profits any one with any input how can they be shorted with open ended profit? Like the mini options they used to have back in the days ?
W = it's been a short rally! JCPenney gives executives bonuses ahead of deadline for possible bankruptcy filing Chris Isidore byline Updated 4:15 PM ET, Wed May 13, 2020 https://www.cnn.com/2020/05/13/investing/jcpenney-bankruptcy-bonuses/index.html
open ended profit usually requires really good timing to offset time decay. I use option plays to offset the time decay but it does limit gains. The only open ended move is likely to short with insurance via call options so some drag.
Wayfair must be doing extremely well. chart shows it is going up in a straight line, & it is a strong healthy decisive bull. who knows, there might be people who use straight ruler to decide when to invest in Wayfair.
W should be trading between 60-80. Covid has made it a crisis stock. It will crash when it becomes apparent they can't make a profit. I hope they go higher to increase my short but for now my small short is in play.