PYPL Short, looking for advise

5 thg 7, 2023

PYPL has crashed downwards and the downtrend continues. After a massive descending triangle, price is now coming back to retest the resistance and forming a bear flag. I am looking to short the break of this bear flag, perhaps combined with a double top on the resistance if possible.

But shorting is very risky, I can think of doing it with:

• Naked Short Call (Unlimited Loss and loss will spike with IV)
  
• Long Put (Safe, but the premium paid weighs down profits)
  
• Regular Short (using margin, if I am not wrong, risky and interest will be accrued the longer the position is open)
  
• Short Call Spread (Same as Long Put?? Not sure on this)
  

Please give me advise on how I can safely short with better risk management.

14 thg 7, 2023

Giao dịch đang hoạt động

Seems the double top had a false breakdown... I may close this for a loss soon, but since I am using a options spread, my max loss is capped. First loss since I started posting ideas publicly, well, it's part of the game.

6 thg 8, 2023

Ghi chú

Idea was right but timing was off.