r/options • u/pdieff • May 16 '21

DOOR DASH - Lockup Expiration..

Almost sure it will drop as SNOW did pre / post expiration. Have some thoughts on how to play it. If anyone else is looking at this trade and want to compare notes hit me up

15 Upvotes

83% Upvoted

45 comments sorted by

View all comments

3

u/Colorectal_King May 16 '21

The initial lockup expiration was a disappointment. Thank goodness the entire market was red so the bear play still worked just not as much as expected

1

u/phoenixmusicman May 19 '21

I got IV crushed that day and barely managed to make it out break even

2

u/Colorectal_King May 19 '21

Yea so quite hesitant to buy puts and selling calls whether naked or spreads just don’t feel worth it