Cracker Cracking

Looks like a reversal pattern at resistance. Will buy puts at the end of the day if the pattern holds for another one of those quick one or two day flips. Indicators are neutral though.

CBRL does not trade with the market, goes wherever it feels like...

Commento:

Buying a small puts position at the end of the day if it stays at this price level. Only ones available are monthlys, and CBRL is typically weak in July.

Trade attivo:

I don't see this going up today, opened a small position in July puts, cause I got it cheaper than ask.

Trade chiuso manualmente:

Decided to close all of my positions with this market whipsawing.

Commento:

Glad I bailed, looks like it;s headed for a double top.