BBBY reversed to strong side. I bought a small (OTM) 2020 call leap position. I will add if this thing drops to $13-14 though.
I would say right now it has 33% chance to make a trend reversal, 33% chance to stay inside $15-20 range for a extended time (a year or longer) to make bottom, and 33% chance to dip on $13 before doing anything else.
I would say right now it has 33% chance to make a trend reversal, 33% chance to stay inside $15-20 range for a extended time (a year or longer) to make bottom, and 33% chance to dip on $13 before doing anything else.
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If this thing ought to go lower, then current senerio could be similar to what happened on Jan 31 week 2008