I have never been inside any “dollar store” of any kind (Dollar General, Dollar Tree, Family Dollar) but I’m intrigued by the sector. Below is a beautiful right triangle topping pattern on Dollar Tree (DLTR), which compelled me to buy May 17th $130 puts on the sucker.
Here’s a longer-term view. As you can see, there’s plenty of opportunity for lower prices, not just in their stores, but with their share price.
I hadn’t given this sector any thought until I saw this interesting segment on John Oliver’s program a few weeks back.
And as for the slipshod mess in the stores, yeah, he isn’t kidding!
