CCIV Trade on Feb 19, 2021 15:28 from Fedism: Tradervue User Stock Trades.

on Friday 2-19: Iv on CCIV had skyrocketed because of a dip that occurred near end of day. Incubator had recommended that this was a good short because of high IV, I had agreed with him because CCIV was bound to go up especially with the rumors of merger with Lucid motors.

On 2-22: We hear that the merger will be announced after market closed, and I am thinking that this could be a buy the rumor, sell the news thing. I was debating on selling since I was up 50% on the short put. I did not because I thought it wont be that bad, and once the news is announced IV drop. Unfortunately after the news was released, The price of the ticker went down 20 points. Which made most of us worried since we had purchased short puts. Before I panicked, I took my time to look at my theta, delta and vega. I realized that even if this ticker fell down, I would still be up at some point with a possible retracement before we continue down.

On 2-23: The next day, the ticker opened up and I was not that down on it. I was able to reach positive again and decided to close my positions. Since I didn't want to be greedy. My colleague in UT showed me that shares were diluted, and I had to get out.

CCIV DAILY