I own Opentable put options. Needless to say, its performance is proof that predicting the demise of "momentum" stocks is like taking candy from a baby. (Not that I would do that!)
In after hours trading, it is down over 10%, after a poor earnings report.
I started buying put options in the name quite some time ago.
Why should you care? Usually, when momentum stocks start to fall apart, the S & P 500 is not far behind.
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