$YETI Overbought - Bearish Options Activity

YETI Deep into overbought territory now on the daily chart. Expecting some retracement in the very near term.

Bearish options activity today with 3k $25.00 strike May put options traded vs OI of about 300 for total premium of $1M.

Near term price target - $21.50 by March (~10% downside from today's close)




Note: informational analysis, not investment advice.