We shorted SpaceX right in its face 🚀
Where the market never goes down, one man stands alone…
With his mighty VWAP by his side.
And the truth.
A man rises, a man falls.
Ladies and gentlemen, if you were in the room, you know that today, we as a group were the ones who shorted the SpaceX IPO right in the face of humanity.
In the face of blatant disregard for money.
Ignoring the hype. We stood alone.
That was the $SPCG this morning, my friends.
Brought to you by VWAP.
And a knowledge that is unmatched by your hero, Kenny Glick, who is short the market right now, right in its dumb face.
But the $SPCG made it easier on everybody.
Because you can buy a stock that goes up when the underlying stock is going down.
Lessons were learned. Money was made.
We bought the stock at $12.88.
It promptly ripped to $15.00, and then to $15.75.
On 1,000 shares, with just a $300 risk... that yielded you $2,500.
And if you had the wherewithal to short SpaceX directly at the same time - as I told you there were some shenanigans going on that were made apparent this morning - the $209 puts went from $10 to $24.
Click here to watch the video describing how this day went, complete with the dramatic music in the background:
If you’re already inside the room, I’ll see you tomorrow. If you’re not in here yet, here’s the link to join us tomorrow morning.
Click here to join us inside the Room.
Kenny Glick | Founder, Hit The Bid
P.S. The $SPCG gave us $2,500 on a $300 risk, and the SpaceX puts went from $10 to $24. We ignore the hype and trade the lines. If you're inside, see you tomorrow. If not, join here.