SHORT GPS/BUY GPS 6/7/24 30 PUTS

GPS (GAP stores) stunned the market last week with a huge market beat and is now up the fourth day in a row and is by far the most stretched stock not named GME on the upside. The stock is up 48% over that time which is historically rare and due for a big reversal with today’s last hoorah push. the 30 level is a big psychological level of resistance going back to March.

1 Star trade last hour 3:00-4:00