grubby1220
Short

FL Lower Weds

NYSE:FL   FOOT LOCKER INC
When looking at FL set up for a down day Wednesday-just hope it does not gap down
Will open 10 $34 SEP 6 PUT with limit of .65
Looking for drop to of between $29-$31 over next 6 trading days.

Decent divergence for EOD trading and generally leads me to believe will "Catch-Up" in the AM. Also, while not a very clear or perfect Pennant , Pennant shape forming up for move lower

See how it plays out.
Aug 28
Comment: And no I’m not worried about the pre-market up $.47.... on 28 shares
Aug 28
Comment: Opened 5 SEP 6 $33.50 PUTS @ .31

Comments

Well I had no problem opening the position.
Reply
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