Dollar Tree, Inc.Short
TEXTBOOK $DLTR #SHORT
Textbook DLTR short. Massive consolidation with a large gap on either side. The consolidation broke down, retested the consolidation, and was rejected. Additionally, even with the cross-market rally, DLTR did not move as much as other stocks that bounced from the market relief. Lastly, DLTR is almost exclusively owned by institutions, the setup is textbook, and the gap down allows for a great risk-reward ratio from near-the-money options, making this play a high conviction trade.
DLTR short. Massive consolidation with a large gap on either side. The consolidation broke down, retested the consolidation, and was rejected. Additionally, even with the cross-market rally, DLTR did not move as much as other stocks that bounced from the market relief. Lastly, DLTR is almost exclusively owned by institutions, the setup is textbook, and the gap down allows for a great risk-reward ratio from near-the-money options, making this play a high conviction trade.
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