RHAT and accounting method change …

RHAT drops like a rock after it announced that it would change its accounting method to calculate renvenues. I closed all the puts too early, but that’s kind of things hard to predict.

I went long in Aug 17.5 calls at 0.75.

RHAT and accounting method change …

RHAT drops like a rock after it announced that it would change its accounting method to calculate renvenues. I closed all the puts too early, but that’s kind of things hard to predict.

I went long in Aug 17.5 calls at 0.75.

QQQ and RHAT

I closed QQQ Jul 36 Puts at 0.65 for a small profit as it gapped down today. The volume was about average. No panic selling. Holding ATM/OTM front-month puts won’t make too much sense when approaching expiration.

I also closed Jul 20 Puts at 0.50 at breakeven point. I still keep Aug 22.5 Puts as RHAT may retest critical support at 20. As it’s in oversold condition, buying interests are plenty as seen when it was bouncing back from the gap down.