SHORT TXN/BUY TXN 5/24/24 195 PUTS
Texas Instruments is on a historical run since earnings up 9 trading days in a row, and getting severely stretched as panicked fund managers crowd into this trade on today’s bullish CPI. I expect a hangover in the broader markets tomorrow and the most stretched Burn Notice is a great place to start. 2 stars trade last hour 3:00-4:00 EST
