- Entry
- $52.02
- Final
- $59.08 +13.6%
- Target
- —
- Score
- -1.00
[I wrote this dd](https://www.reddit.com/r/wallstreetbets/comments/198ip3b/stng_part_2_of_my_4_part_red_sea_shipping_series/) some time ago where I bought STNG calls and it worked out [reasonably well,](https://www.reddit.com/r/wallstreetbets/comments/1992whu/stng_president_selling_i_am_selling_21k_gain_on/) I've been in and out of this name a few other times for small gains. Like all good cyclicals, shipping companies add a ton of supply when they are in a boom and that inevitably creates the conditions for a bust. I think the recent sanctions Biden put gave a rally that provides a good opportunity for shorts looking to participate in …
— ORIGINAL POST ·
STNG Puts - Biden sanctions induced rally which provides good entry for shorts
· r/wallstreetbets
· Feb 5, 2025