Wingstop (WING) is a crappy restaurant chain which I suggested as a bearish position last year. I bought puts, made a nice profit, but then dumped them like Tom Lee skipping across a pink-festooned stage at a spring fashion show.
There is nothing holding up the stock at this point. I have every confidence I will look at WING every trading day and regret not owning those puts.
Well, why not buy them back, you idiot? Because the options on the stock STINK! The volume is usually 0, the open interest is almost nothing, and the bid/ask spread is as wide as Oprah’s loose-fitting jeans. It’s a shame. I should have held on. Hopefully some of you did.
