One quirk of having so many positions is that it’s easy to miss stuff. The market has been open almost ninety minutes as I’m typing this, and only now did it dawn on me that one of my short positions, Tupperware, has thrown off a triple-digit gain on its puts with this tremendous move.
Happy FOMC Day, everyone. The penultimate one! I wanted to point out a couple of stocks doing interesting things this morning. The first one is Tupperware (TUP), an oft-mentioned short candidate which has spent weeks going nowhere. Well finally this morning we get a good ,hard tumble, and the prospect of breaking important support (and finishing a huge pattern) is much improved.
It’s been a long time since I’ve felt so energized about the stock market. Bit by bit, things are truly beginning to break down. I am loaded to the gills with very large put positions on sixteen different instruments right now. Here are eight of them, along with some brief commentary. I have zoomed in on what I consider the most germane portions of the chart.
Seller-of-furniture-made-out-of-cushions Lovesac has completed an exceptionally good head and shoulders topping pattern.
Tupperware has been on our radar for months, and I’ve mentioned it pretty regularly on tastytrade – – it’s seriously starting to revisit its 2019/2020 plunge in tiny steps:
I’ve always had a soft spot in my bearish heart for a little company called Tupperware. In recent months, it has formed a lovely little reversal pattern. Next step: break the green support.
