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EdgeAnalytics
Feb 7, 2017 6:38 PM

After-earnings Downside Opportunity on $MAT Short

Mattel, Inc.NASDAQ

Description

We opened a bear call spread yesterday, 2/6/2017, on MAT to grab some time premium with a relatively low risk trailing stop a few cents above our breakeven price for the option spread. Rumors are circulating about Mattel & Hasbro talks restarting, but that's no worry on our end with sound risk management and low-likelihood of a deal being struck in the next 30 days.

Comment

Time is working in our favor on the credit spread
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