CHWY Breakout
Updated
CHWY saw some unusual options activity yesterday as it was sitting on major trendline support. It popped hard into close, breaking above its short term downtrend. Today it opened above that trendline and held all day. This could get a lot of momentum and head back up to $30 pretty easily. That'd be my first target, but it has potential to keep going.
Comment
This worked great, got out on the spike this morning. It may continue, especially with RTY strength, but I'm good on it. Hit a 6% move.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
For transparency, current positions:
Short: LULU SPY TSLA
Long: GME
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
For transparency, current positions:
Short: LULU SPY TSLA
Long: GME
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Disclaimer
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