I wanted to do "strangle position" because even though the stock fell from $79 to $77 on the directors resignation at $80 the $75 Puts felt right. With GCO and ANF, KATE getting slammed it was screaming "Buy the $75 Puts", OK!
Yeah.... I'm gonna start posting a "this week's earnings" thread. Plus it might save someone from getting blindsided. Thats happened to me before. "Earnings!!??" WTF???
Retail was warning us, you were not loving DLTR when it was $95 nor DG at $93, great calls on those stocks! Even COST is making up reasons why their August Comps were bad, I think all the Sector is about to crumble except for companies like DKS, JWN, M, FL, URBN and even GES is holding its own with decent low-end earnings. I wish we both shorted GCO,ANF and LULU, we could buy beers for all! Good Call on noticing even the Dollar Stores were ready to Short! I do not like JWN or M even though their stocks are up I think Amazon will crush them. Good Luck and Wonderful Weekend to All!