In Case You Were Curious What Overbought Looks Like

VIAC is overbought. Registering RSI 85+ today on three separate timeframes has qualified this to me as a clear shorting opportunity. This isn't a high multiple name in a sexy sector, either. This is a legacy media business trying to hack it in a crowded market. I'm long weekly lotto $80 puts (I'm basically NEVER this aggressive) and also short shares in the long term. If this trade drags on I'll find something to spread it with.

Cheers!

Kommentera:

Closed the trade this morning for a 65% profit. happy with that result! Still short the stock.

Kommentera:

Closed the Shares for a large profit this morning