$ALB Short Idea

By FriscoTrades
Updated
ALB big gap up before ER has me suspect... also technically it looks like FEB price action is still in a downward channel, and now there is a juicy gap below :)

I like the R/R on a short before ER's move.

Small size, picked up a few puts. Can also do bear spreads for less risk exposure.
Comment
Oof very wrong on this one... Puts incinerated lol
Comment
What's interesting is after the PEG and breakout, it came right back down to channel retest and bounced, ripped to 270 now damn Call holders RICH RICH if they still holding !
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