Short

$PLNT Planet Fitness - Overbought at Resistance

Updated

Planet Fitness - Overbought at Resistance

Expecting a near term retrace - targeting $60-$62 range within 1 month (depending on overall market conditions we could dip sub-$60)

A nice way to play it might be a bear put spread, buying the Apr 18th $65.00 strike puts going for around $1.50 and selling the Apr 18th $60.00 strike puts going for about $0.45 for a total cost of about $1.00-$1.05 with a max profit of $5.00 per spread. (possible 5 to 1 return)

Note: Informational analysis, not investment advice.

Note

Correction: Max profit about $4.00 per spread or possible 4:1 return

Triple_Barrel_Capital

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