ShortSeller76

ORLY SELL++++ WAY OVERBOUGHT!

Short
ShortSeller76 Updated   
NASDAQ:ORLY   O'Reilly Automotive, Inc.
All technical indicators overbought here on various time frames, options market is thin so, I elected to buy Dec 16 $830 puts. We should retrace to $775 or below in coming days with new moon print.
Trade closed manually:
I took 55% profit on this mornings gap down. I do not like stocks that trade under 1m daily average volume and low options liquidity. This should see $772 or lower. I am on to the next trade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.