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Domino’s is one of those few positions which I’ve steadfastly held onto, and it’s up 40% right now. I own $350 puts that expire on September 15th, which is 108 days from now, and the intrinsic value is 97%. I’m going to simply keep hanging on, because this thing rocks. It is now my biggest position.
I only wish I had done the same for Burlington (BURL) ,which continues to make coin for Slopers.
A decent quality rising wedge has formed from the early March low, and that broke down last week. That could be a bullish underthrow of course or the wedge could be expanding. If wedge resistance is hit again today then at minimum I will assume the wedge has expanded, and redraw the wedge support trendline accordingly.
SPX 15min chart:
If you want to see how completely unhinged tech stocks are, look no further than the ratio of the S&P 500 index to the NASDAQ 100. We are basically back to the insane levels of the SPAC-drenched days of 2021. Beyond belief…………and this is from Friday. It’s even worse right now:
