Description
⋅ Wayfair consistently loses money and has an unsustainable business model.
I see a breakdown of a large trendline, with a decelerating volume bear flag backtest. Not to mention a looming recession.
I like shopping there sometimes for pretty cheap stuff. My bed frame is from Wayfair.
Short via Nov15 put spreads.
Comment
⋅ I was early but now these put spreads are completely ITM. Going to just wait for them to decay to full value. 400% profit
Comment
⋅ It could actually have a LOT further to drop and I would look for a bounce to re-enter a new position.