Blue Pills for Everyone.
$HIMS Rallies & More
Article of the Week: Used Car Week & Stock Market Sentiment
There’s a fine line between conviction and stupidity and finding that difference is key, especially in this business.
And finding that conviction on HIMS 0.00%↑ again after that sell off from $31s a few weeks ago was key.
HIMS 0.00%↑ has been in The LongVol Report for over a year.
We’ve traded it twice for over +100% gains with DITM calls in the AST Alerts Portfolio.
Then, others with conviction loaded up again on that manipulation of a move from a few weeks ago because of conviction…knowing the story of the stock.
(BTW, notice that CRESY 0.00%↑ position, also from the report)
But these corrections happen all the time and I’ve seen it for the near two decades that I’ve been in this business so you just get used to it.
I always say on the weekly Podcast/AOTW that if you know what you own (and I mean really know and are not just Bull$hitting yourself) and why you own it that you can become less affected by the day to day swings.
Longer duration options help with that.
So does the DITM call/put framework used in the AST Alert Portfolio.
I don’t have a lot to say on the name that isn’t known other than congratulations to the longs and to those that had the conviction to stick with it and add.
P.S.
ACVA 0.00%↑ made another 52 week high again today.
See ya.
Dan