Correct this operation is not intended for day trading. The purpose is to obtain HBD to sell because you think that HBD will ultimately return to $1. If you are day trading, you don't really care about that, you might even buy HBD at $1.30 because you think it may tick up to $1.35 within the next hour or two. So these are two completely different goals and methods of trading.
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Great answer!!