Chalk this trade up to a lesson learned… Don’t trade too soon. Yes, I entered this trade too early before earnings. Since entering this trade at $35.93 for the underlying, SNDK went up to a high this morning or $38.57 or up 7.35%.
I was bearish on the market, and bearish on SNDK and I was WRONG.
I closed all options today for a loss of $680.
Like the barber says, “Next”.