Triple_Barrel_Capital

$EL Estee Lauder Over-extended

Short
NYSE:EL   Estee Lauder Companies, Inc. (The)
$EL Estee Lauder looking over-extended recently. Expecting to see some mean reversion in the near term.

Bearish Options Activity Today:
Short Call Sale of $250/$270 strike January calls for $3.4M


Near term target: $240 ($220 possible by Feb)




Note: This is NOT investment advice.

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