SC Santander Consumer . RSI & CCI reversing at double top. Price at multi-year hi w/decreasing vol.
Catalyst: $66 billion, or 5% of outstanding #autoloans are over 90 days delinquent (up $57B prev yr, & $35B prev decade).
SSI is up 915% since JAN 2019. Time to ride it down. Bitcoin and tulip mania for discount retail? Next bubble...
Initiated small options trade SSI APR 2020 $5 PUT. Ten contracts at 1.30. Break-even = $3.70. I'm betting this stock trades below $3 before April.