La Bamba said:

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Nio has had two days of ~2.5% up in early PM followed by same drop at the opening. Broke the 5.75/5.80 support line. I guess testing the ATL is where we go from here before bouncing?

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WestTexAg12 said:

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HEAR continues to disappoint. Down 5.6%

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oldarmy1 said:

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Glad I sold half of those DIS calls for a little profit and a net free holding. Smartest people took the 100%+ gain available in a single day, as it turns out. News driven hits are unseen risks.

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WestTexAg12 said:

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HEAR continues to disappoint. Down 5.6%

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WestTexAg12 said:

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HEAR continues to disappoint. Down 5.6%

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jayelbee said:

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Do you see a different opportunity for DIS after that news. This seems like a short term blip and it could end up back over 115 by the end of the week

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HYC_AG said:

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WestTexAg12 said:

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HEAR continues to disappoint. Down 5.6%

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I like their company long term but it's goonf to be hard for them the next few months as they acquire and integrate that peripheral company. Sold some more 17.50 covered calls this morning expiring in July before they dropped that 5.6%.

Disclaimer: I have no idea what I'm doing!

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oldarmy1 said:

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HYC_AG said:

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WestTexAg12 said:

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HEAR continues to disappoint. Down 5.6%

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I like their company long term but it's goonf to be hard for them the next few months as they acquire and integrate that peripheral company. Sold some more 17.50 covered calls this morning expiring in July before they dropped that 5.6%.

Disclaimer: I have no idea what I'm doing!

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What I dislike is how the options are rigged. $12.50 to $15 versus $12, $13, $14 like most stocks. Makes entry a required bullseye or your toast.

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HYC_AG said:

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oldarmy1 said:

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HYC_AG said:

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WestTexAg12 said:

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HEAR continues to disappoint. Down 5.6%

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I like their company long term but it's goonf to be hard for them the next few months as they acquire and integrate that peripheral company. Sold some more 17.50 covered calls this morning expiring in July before they dropped that 5.6%.

Disclaimer: I have no idea what I'm doing!

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What I dislike is how the options are rigged. $12.50 to $15 versus $12, $13, $14 like most stocks. Makes entry a required bullseye or your toast.

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Didn't realize that was stock specific! I thought it was just something to do with the platform I was using.

Would it be the low volume on that stocks options that leads to having them every $2.50 instead of every $1?

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Quote:

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Turtle Beach Corp (NASDAQ: HEAR) stock dropped 18 percent Friday after the company's 2019 guidance disappointed the market and amendments to second- and third-quarter 2018 reports due to erroneous accounting spooked the market.

Turtle Beach short sellers made a $24 million profit on Friday and are now positive for the year, according to financial technology and analytics firm S3 Partners.

Short Interest

Despite Turtle Beach reporting record profits and revenue in the fourth quarter and increasing its market share by 3.7 percent, the market wasn't kind to the red-hot stock on Friday. Turtle Beach has the fourth-largest outstanding short position in the U.S. consumer electronics sector, according to analyst Ihor Dusaniwsky. Turtle Beach's aggregate short interest of $146 million trails only Roku Inc (NASDAQ: ROKU), Garmin Ltd (NASDAQ: GRMN) and GoPro Inc (NASDAQ: GPRO) as the most popular shorts in that sector.

Turtle Beach's 9.05 million shares held short represent an incredibly high 72.6 percent of Turtle Beach's float. Because shares are so difficult for short sellers to borrow at this point, Dusaniwsky said new shorts are paying a borrow fee of between 130 percent and 170 percent.

Adding Positions

After Turtle Beach stock soared 687 percent in 2018, short sellers have aggressively added to their positions so far this year. Short interest is up 41 percent year to date, but Dusaniwsky said supply has limited additional shorting in recent weeks.

"While shares shorted have only increased by 39 thousand shares, +0.43%, in March, stock borrow rates have jumped from 41.40% fee to 60.65% fee, a 47% increase," he wrote in a report.

Prior to Friday's session, Turtle Beach short sellers were down more than $20 million year to date. They're now positive by $3.4 million on the year.

The stock traded at $13.39 per share at time of publication.

Related Links:

S3 Partners: Longs, Not Shorts, Are Selling Tesla

'Fortnite' Creator Turns $3B Profit In 2018: The Stocks That Benefit

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oldarmy1 said:

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OK, HEAR Ye HEAR Ye.

I'm selling $1.30 April 18 Puts on the $12.50 Strikes. You will see my volume ticking off now.

I'll own shares at net $11.20 or earn $130/Put option.

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gotsand said:

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That hammer reversal on HEAR sure failed -- new LOD.

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oldarmy1 said:

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SONO chart looks pretty good for an eventual rebound trade.

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Prognightmare said:

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Would you look at SLDB when you get a chance and tell me what you think?

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