$TRUP Could be wrong but this one is looking like a classic megaphone to me. That coupled with it being deep in overbought territory and I think we could be in for a big correction.
Rode it all the way up from $29 and have been on the sidelines since about $38, have been watching for a time to buy some puts - added those today. If the megaphone holds I think we could swing down sharply.
But who knows, the markets have been all over the place for the last week. Almost un-tradeable.
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