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[Options Premium] Houses Built on Quicksand?

February 7, 2024

Perhaps the title of this post is a bit dramatic. But it got your attention, yeah?

While the indexes continue to plow higher and higher, proving markets can stay irrational longer than bears can stay solvent, there continues to be signs piling up that a turn may be near at hand.

We're not saying that the long bull market is coming to an inglorious and permanent end. We're more of the belief that a well-deserved pause and/or pullback feels like a perfectly natural thing to happen somewhere around here.

So we're going to add another bearish bet to the board in a stock that is already showing signs of topping in a sector that might be ready to roll over.

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