$YETI Overbought - Bearish Options Activity
YETI Deep into overbought territory now on the daily chart. Expecting some retracement in the very near term. Bearish options activity today with 3k $25.00 strike May put options traded vs OI of about 300 for total premium of 1M.
Near term price target - $21.50 by March (~10% downside from today's close)
Note: informational analysis, not investment advice.
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