Just checked RH - you can buy shares no options button anymore
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Watch out, the options exchanges are delisting RDBX options, which means existing chains will be position close only, and no new chains will be released. This is highly unusual and I don’t think it’s because of the upcoming merger.
It is not out of the question for the stock to get halted at some point too. Keep in mind that this thing has been heavily manipulated for the better part of the last year. A trading halt as a result of an investigation is a possibility.
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Thanks for the warning.
I’m hoping call holders from last night took their profits at/near open, and if you’re still holding puts you should probably be on the lookout for the exit.
Don’t wanna see anyone get locked up in a halted ticker.
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Playing this again.
I got 300bucks to play with.
Shares only, since I now prefer a less volatile strat on low floats P&Ds.
Got 1 share again, so far.
Ordering 4 more tonight.
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Can you dump them one share at a time on Monday premarket so I can unload my puts please and thanks!!
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Something excited RDBX again, and it’s not clear what. Could be simple short covering. It has shown exceptional strength in the past though, so not chasing in either direction.
In the past, it has also give us the courtesy of gliding back down, so let’s keep an eye on this, and we can catch the move down, perhaps, without it knifing back to near $2 too quickly.
Just for reference, merger vote is at 10am CT on 9 Aug and exchange ratio is 0.087 CSSE shares for 1 RDBX share so at current CSSE price of $9.50, approx. $0.83
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