COF Triple Top at $116. Bearish signal. Buy PUTS. Jan. 2025

Short

Capital One Financial Corporation (NYSE:COF)

NYSE:COF Capital One Financial Corporation

COF is at a Triple Top here at $116.09. Take a BEARISH trade here. BUY PUTS. January 2025 Expiry. $115 or $110 Strike. With all the job layoffs and rising interest rates COF will have higher credit car holder defaults. Also a Head & Shoulders Top. Stop above $119.

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