BpowersCLT

$STNE Short Strangle Opportunity

NASDAQ:STNE   STONECO LTD
$STNE looks like it's trying to break-out above recent resistance just under 29 (purple line). Should the stock fail again, I'd say the chances that it sits between 24 and 30 over the next couple of weeks is pretty good. So, if there's a lack of momentum to carry the stock higher, the JUL19 27.5/29 short Strangle is attractively priced and would be a good opportunity; the breakeven points for that position marked with the black lines.

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