UAA Quick Play

Bought some $21.5 weekly (next week) puts, because option balance point is below $21 for tomorrow

Note

I dunno what this crazy market is doing but I'm guessing retail doesn;t break out

Note

Also, old support is new resistance so it has a resistance here at $21.5

It will gap up if the market gaps up.

Note

Crap, I forgot today was NKE earnings. UAA always gaps in the same direction as NKE but usually drops after

Trade closed manually

I told one of my followers yesterday when UAA goes up on NKE earnings, wait 15 minutes and buy puts. Anyways, I cut my losses in half and bailed.

hungry_hippo

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hungry_hippo