$SHOP no matter what you think about $SHOP, you can’t ignore the insane parabolic on the weekly, plus the nonsensical surge to highs every day. Logically speaking the r/r is greater on the short side. I’m swinging short and a put over the weekend.
I may be in $20-$30 early but this is an obvious short no matter how you look at it. If we continue the push, the max I see is $840-850. My avg is $820 short, feeling comfortable holding this one down to $750-770 range.