Short $COST into Earnings You Bulk-Buying Degenerates
Costco at a 55 P/E for slinging rotisserie chickens at a loss and 40-pound tubs of mayonnaise. What are we doing here?
You regards act like this is a tech company. It's a warehouse. With concrete floors. Selling cheese blocks the size of car batteries. The membership fee hike already hit. That was the pop. Now you're bag-holding peak expectations with consumer credit cards maxed out and deli meat inflation running hotter than my ex-wife's temper.
"bUt cOsTcO iS rEcEsSiOn-pRoOf" — shut up. When people actually pull back, they're not renewing executive memberships. They're buying toilet paper at Walmart like peasants. The trade-down is real, and Costco's comps are about to show it.
IV is juiced into orbit because everyone thinks this stock only prints green. Sell call spreads or buy puts. The IV crush alone buys your tendies. Even a 3% dip and you're eating lobster bisque off your wife's boyfriend's chest.
$COST 840P. June 21. Defined risk, maximum disrespect.
Fade the euphoria. Short the hot dog. These members are about to start sneaking samples as dinner.
Not financial advice, I'm banned from the food court for double-dipping.