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hungry_hippo
Jun 25, 2019 2:57 PM

Cracker Cracking Short

Cracker Barrel Old Country Store, Inc.NASDAQ

Description

Looks like a reversal pattern at resistance. Will buy puts at the end of the day if the pattern holds for another one of those quick one or two day flips. Indicators are neutral though.

CBRL does not trade with the market, goes wherever it feels like...

Comment

Buying a small puts position at the end of the day if it stays at this price level. Only ones available are monthlys, and CBRL is typically weak in July.

Trade active

I don't see this going up today, opened a small position in July puts, cause I got it cheaper than ask.

Trade closed manually

Decided to close all of my positions with this market whipsawing.

Comment

Glad I bailed, looks like it;s headed for a double top.
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