Not only is this a good stock pun. BUT retail has been hammered the last few weeks and just maybe GPS can surprise to the upside. After all it has sold off about 20% already this month. With the protective puts through next Friday my risk is capped at $1.44 per share. If there is a strong gap I will be selling the rip.
Trade closed: stop reached
⋅
exercised put on Friday after close, loss capped at 1.44 a share. On to the next one.