Are you Long or Short this stock currently?

rockndance : short with loss now

dogoodeveryday : Short about 19% up was 33%

doctorpot1 OP rockndance : all the best with your trade

doctorpot1 OP dogoodeveryday : today price going down again so maybe you are up a bit more

b34r : Had long, put and call before Grabmaps. Sold long and call at $3, reversed to short. Covered short at $2.4, now just holding put.

$2.4-$2.7 range is ambivalent, though in the short term (ie this year) i think Grab will touch $2 unless Sep QE report has huge upside surprise.

doctorpot1 OP b34r : wa $2 means their market cap is 7.68b. that is Price to Equity ratio of 1 liao unless they burn a lot off in the next quarter that is.

yea I agree with the range. I have been trying to keep accumulating at 2.5.

Macdonell J : Though I'm long GRAB since IPO, I'm always holding a Collar as an insurance policy. It has helped cushion the blow so far.

doctorpot1 OP Macdonell J : Nice. Given the drop won't it be better to close it off and restarting an new one? because the probability of a gain on the ipo price is very tough, like grab need to 4x for you to hit the max profit of the collar.

Macdonell J : I'm curently down 25% even with the Collar. if I were to close my Collar which will only expire in Oct 21, I wld lose the protection for upcoming market crash. If there is a market crash, it will bring Grab with it. So I wld rather hold tight till the market has bottomed, then close my Collar and set up Call Ratio Backspread.

doctorpot1 OP Macdonell J : I see. cause from my understanding the payout is capped at both ends. so if you already hit the max loss, it can't go down any further and for it to hit profit zone is almost impossible, so I thought closing all the position will just be taking a hit on the max loss. Then you could start another position instead of just waiting for all options to expire to take the same max loss. So it kindda save you time. but maybe the extrinsic value of one leg might be too high and the other leg too low thus making it worse.

not too sure, maybe you can explore to see if it make sense hahaha not financial advise ah, just thinking out loud hahaha