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hungry_hippo

Cracker Cracking

Short
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)  
hungry_hippo Updated   
NASDAQ:CBRL   Cracker Barrel Old Country Store, Inc.
Chart Patterns
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0
chartpattern
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...
Comment:
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 active:
I don't see this going up today, opened a small position in July puts, cause I got it cheaper than ask.
Trade closed manually:
Decided to close all of my positions with this market whipsawing.
Comment:
Glad I bailed, looks like it;s headed for a double top.
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