A Propitious Moment

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Carvana (CVNA) is a stock I’ve written about many times over the years. Given its substantial rally over the past couple of weeks, I am compelled to mention it again, since it has returned to what I consider an important resistance level following the very well-formed diamond pattern that I’ve tinted.

I own January 2027 puts, which gives me 155 days for this sucker to tumble. I’ve added to my position this morning.