I think the rally in $NUS has run its course for the short and medium terms and I also believe the stock is poised for a sharp correction in the coming days and weeks.
In anticipation of this, I entered the $130 puts last week. I also alerted these in the chat room and private twitter. I made a similar call last fall (I try to rhyme if I have the time) on $PSMT: https://www.optionmillionaires.com/psmt-profits/ https://www.optionmillionaires.com/psmt-pricedumb/
My puts ended up going over 500% on a late-week move to the downside. Look at $PSMT this past week. It's seen a sharp pullback. I think $NUS will see a sharp decline as well and those buying out of the money puts will reap a nice profit.
This is a recent $PSMT chart:
I think $NUS will see a very similar decline.
I own the $130 puts and will be looking farther out to reap significant profits when $NUS hits the range I think it will early this year.
And there she goes….. carnage.
And of course I miss it – heckuva call UPB
Amazing call UPB!
I still think of this play daily..awesome UPB…you the man on this one bro.