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FriscoTrades

$ALB Short Idea

Short
Albemarle Corporation (NYSE:ALB)  
FriscoTrades Updated   
NYSE:ALB   Albemarle Corporation
Parallel Channel Support and Resistance Earnings ALB short shortidea Stocks tradeidea Bearish Patterns bearmarket
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parallelchannel supportandresistance earnings alb short shortidea stocks tradeidea bearish bearmarket
ALB big gap up before ER has me suspect... also technically it looks like FEB price action is still in a downward channel, and now there is a juicy gap below :)

I like the R/R on a short before ER's move.

Small size, picked up a few puts. Can also do bear spreads for less risk exposure.
Comment:
Oof very wrong on this one... Puts incinerated lol
Comment:
What's interesting is after the PEG and breakout, it came right back down to channel retest and bounced, ripped to 270 now damn Call holders RICH RICH if they still holding !
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