Setup shows a mean reversion to $160. It will take a while for this to happen, not a short term quick money play.
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Currently almost all in on DLTR. Saving a little bit to load up on further dips & for other plays.
Reshuffled my positions a bit, not going to show you the amount or strikes etc i'm in for as to not trigger you all from doing strange counter-trading on my position.
$122 initial PT around earnings, $154 after earnings Currently all in on this trade.
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Revising this to a $209 PT in a few months.
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I believe nothing will happen during earnings. Flat. Then everyone who had calls for earnings gets ruined, those close off, then we moon a few weeks after earnings.
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-I see this doing something a bit after earnings, i think initially it does $127.
-Then it drops to $105 range for 90 days.
-90 days later it goes to $158.
I slightly miscalculated the timeline on this. Its gonna take a while.
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