Posted on October 12, 2023
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) offers cheap goods to customers looking for the same.
And as you can imagine, the company thrives in times like these as people start getting desperate.
We’re going to make a thorough price check of the company in a moment.
But first, we’ve got one to close.
It’s our COTY trade, whose details can be found HERE.
In brief, we’re holding the November 17th 10 synthetic short and a credit of $0.41.
The CALL can be repurchased for $0.62 and the PUT sold for $0.61.
Do it, and you walk with $0.40 NET on just a nickel spent.
And that’s a quaint 800%.
Congrats to our in-house strategist, Alan B. Harvard, who believed in this one and took on a truck-load.
We’re moving to straight to the funadamental picture for OLLI, because it’s anything but encouraging.
They’re always the first to exit the game.
Before we turn to the chart, just a word about what we see as an unremarkable company whose stock has been climbing far too energetically, but is now showing signs of fatigue.
It’s like this—OLLI’s natural growth trajectory is being outpaced by its stock by a factor of three.
But that doesn’t appear to us a realistic probability.
And that’s why we trade.
Many happy returns!