While the market continues to embark on a massive rally off last week lows, there are charts that still look weak. I have two of them here, and I think both will head lower in the short term.
3M $MMM reports earnings this week. I am bidding some puts for a move lower into the $139 range and below.
$BIG lots. I loved the stock at $26. Now some 100% higher the analysts who hated the stock at $26 are loving it here. I think we are going to see a nice pull back under $40.
$MMM weekly $139 puts $1.07
$BIG $42.5 nov puts $.27