EL Estee Lauder looking over-extended recently. Expecting to see some mean reversion in the near term. Bearish Options Activity Today:
Short Call Sale of $250/$270 strike January calls for $3.4M
Near term target: $240 ($220 possible by Feb)
Note: This is NOT investment advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.