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PRPL

Aug 14 2020

PRPL Mattress Fire – Options IV Burn

Two Reddit posts by u/dhsmatt2 tagged Mattress King on PRPL losses, flaired Loss and Satire.

PRPL is a major retail WallStreetBets favorite, causing a huge runup in to 8/13 earnings. After reporting an ER beat the IV in the stock likely got crushed, which caused long OTM calls to decline sharply. This leads to dealers unwinding hedges, and a stock drop.

Written by SpotGamma · Categorized: Market Analysis, Stock · Tagged: earnings, PRPL, wallstreetbets

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