Feb. 7 at 2:47 AM
$PINS Sold some
$18 puts today, nice premium. I’ve been researching RSU’s and learning more and more about Stock Based Compensation.
A majority of people should have worthless RSU’s as of right now so SBC wont hurt the stock until it goes up to maybe 25+.
Senior software engineers there can get 190-389k in stock based comp so layoffs are very meaningful.
Considering they miss EVERY earnings report and this one has high expectations I’m going to have to assume they will miss this one as well.
If they do I’m good for 50,000 shares LFG!!!
2000 shares holding
100 contracts shorted (10,000)
Ready to go almost all in on this sub 18.