Back in October this year, I thought I had a great idea to swing-trade $RBLX and buy puts when it was about 29 bucks per share. My rationale at the time was:
Current ratio is low (about 1.1) - they will need to refinance at some time within the next year. Issuing debt is problematic due to interest rates and offering shares will dilute the price and cause short-term downward price action.
Revenue has been decreasing/staying flat for the past few quarters
Bookings ...