Short Square (SQ)

3 Mar 2020

Given Murphy's Law it is very probable the novel coronavirus will spread to different states and cities all over the world and continue community spread at an exponential rate. This will result in small businesses sale numbers to decrease significantly, Square (SQ) is mostly based on a transaction based fee, their other products are likely to decrease in usage as well. SQ has also had a false bullish break and has had multiple short-term lower highs and lower lows. My position is a 70 Put Buy for 2.53 and a 60 Put Sell for 0.71.