NKE
ran hard and
UA
had a great last quarter that surprised analyst's expectation. If this ER goes well I expect to see UA get some upgrades as their 2020 revamp looking like it could have some legs. UA doesn't have any voting rights but Plank still owns about 60% of the company so UAA shareholders are paying a premium for not much gain which is why I went with the Class A shares. Two larger bets on October and Jan 22cs have been placed in the last few days and will probably follow that flow Biggest problems with this trade will be a UA not having a great ER and the squeeze on the weekly playing out downwards. There is also an investigation from the SEC that they had to settle about their accounting practices when they were pulling inventory forward and sending it out to retailers early. That's been worked out but I read recently that the civil suits might have some legs now with that ruling handing down.
Invalidation on a daily candle close below 17.30
Comment:
UAA is the Class A shares with voting right. I'm going to go with the UA shares which are the Class C with no voting rights. Haven't entered yet
Trade active:
Great earnings. Looking for a breakout of that rectangle