KSS H&S Target Revisions

6 days ago

I had a conservative $13 target on the H&S pattern, but given today's event, I am revising the target downwards. H&S target should be the same size as the head, so we're looking at around $12 as shown.

I added today just minutes before the market got Trumped, decent size position because it was my only position today. You can actually see my trade, since Oct 24 puts are thinly traded. Most of the $15 puts were mine, lol.

I hope at least one of my followers joined me. I was smiling all day. Trump made my pattern come true, on a much quicker timeline, lol.

6 days ago

Note

Note: It may be hard to get into this if you already don't have puts. KSS stock has a big spread between bid and ask at open, and so do the options. Not to mention premiums went up.

I mostly plotted it for myself, figured I'd share it. I had to come up with an exit strategy.

3 days ago

Trade closed manually

Closed it out this morning because it's looking like a TACO (Trump Always Chickens Out) trade. Lost most of my Friday profits, but made money with gold.

Wish he would at least go a couple of trading days before chickening out. Could've been a good trade.

2 days ago

Note

Re-entered into puts this morning.