$FL got slammed for guidance but earnings beat. Modified my chart - should have seen this coming - 5 year trend line, vol shelf, wedge all converging at the same point - needs to bake a bit longer.
FL
FL
Comment:
Broke below 100 and 200 on the weekly. Holding puts into the weakness. Wont enter anything bullish until it tightens or breaks out.
Trade closed manually:
unloaded puts from December...no other trades made... requires new chart.