posted ago by Orangemanbadass2 ago by Orangemanbadass2 +3 / -0

So I was using the screener on Webull to find falling stocks. TACO showed to be a good one on decline, and then all of a sudden a boost from 7.4 to 12.56 (see the daily chart zoomed out). So I thought, "cool, let's buy a directional butterfly centered at 10 and catch it falling through the zone again."

Now for whatever reason, TACO is now the least volatile stock on the market. What gives? There is even news saying an investigation on the possibly fraudulent merger.

https://finance.yahoo.com/news/del-taco-merger-investigation-halper-110000073.html?theme=0&color=2

Now I'm the proud owner of my middle leg short shares (learned about Pin-risk) stuck at 10, and their price has not moved from 12.50 (+/- 0.12) since Dec 6.

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