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ShortSeller76
Oct 28, 2022 7:17 PM

ORLY SELL++++ WAY OVERBOUGHT! Short

O'Reilly Automotive, Inc.NASDAQ

Description

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
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