This idea is an event-driven short. It’s a departure from what I typically write about, but I thought I’d give it a try.
I rarely short stocks but see a solid risk/reward in a large-cap, highly liquid stock. The catalyst occurs tomorrow and should play out over the next few weeks.
Given that this is a short, I would caution you to size this appropriately given the inherent risks involved.
Let’s get on to it.