$Hims & Hers Health(HIMS.US) Options Collar
As a Trader, you want to ride the Trend in the long term direction but with 140%+ Implied Volatility, that can literally be a 180 on the flip of a dime. Going into Earnings, I let my Calls Run since they were already explosive, but I realized the team needed to deliver on earnings. They did not. The flip side is riding puts for a week or two, as IV bleeds out and a new trend is formed. That's the Long/Short Collar. Obviously, I want the stock to go Long and Short Squeeze, but that doesn't always go your way. Either way, if trading, through a very High Volatility Window, carry a hedge.
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