Let’s put it this way. BKNG has a tangible book value of -7 Billion dollars AMC has a tangible book value of -4 Billion dollars

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Because I made 7K in Spy puts last week… So I put $1,000 on BLK puts, $1,000 on CMG puts, $1,000 on BKNG puts, and $1,000 on TSLA calls

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If you’re a Bear, and you REALLY think the market is going to crash, I have a 1500x bagger for you. BKNG puts, -50% OTM, 4 months out. Their CEO sold a bunch of shares before earnings, and also, in the tech bubble they went down to like $4 a share. Currently tracking at $3,500 a share. My position involves 10 puts at $1,600 in September, I’m looking for it to retest Covid lows: thesis? People are defaulting on their cars and houses left and right, vacationing for many doesn’t seem to be in the cards for much longer.

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I am actually entering a short position in BLK this week, once the dead cat bounce has peaked. My ITM calls will print! Of all companies, BLK had one of the greatest downturns during 2020, because of their massive equity exposure. Also, BKNG. They have a very long way to fall.

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I’m thinking BKNG. 1500:1 return on a 70% drop in 3 months. And who’s gonna be traveling luxury during WW3? 😂

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