CVNA PUTS

**Rolled CVNA puts to June expiration.** This trade is up $20,000 this year and likely has room to run. **All the good news is baked in.** Earnings are out. S&P 500 joined. Stock split is done. **Technicals are heavily bearish**. Not that the technicals are always right, but a bearish death cross is a pretty good sign the stock is in decline. **The board is dumping shares at record pace.** They’ve diluted the stock 30% over the last 2 years and board of directors is frantically selling. **Inflation is up. Consumer is slowing.** Wall street has a raging crush on CVNA’s growth story. At a 40x pe ratio any sign of shrinking margins or slowing growth could knock the stock down big time. Positions and Disclosure: I am a retail investor. Not a financial pro. I am short CVNA with a price target of $15-30 BFLO-Retail