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Adding a few more puts here....
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Probably gonna finish right here at $11.5 and move up or down a buck on earnings.
CEO and CFO received SEC Wells notices this week and it still rallied.... go figure.
CEO and CFO received SEC Wells notices this week and it still rallied.... go figure.
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They will lose money this quarter, question is if it's enough to make it go down. Lots of other companies lost money and still went up on earnings which is stupid. It could happen here too.
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Wow, the market is indeed pumptarded, UAA up 7% AH and they don;t even report until tomorrow morning. Looks like I lost this one too.....
Can;t short anything in this market.
Can;t short anything in this market.
Trade closed manually:
I bought weekly options so bailed out with a little beer money
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If I had next week's options, I'd hold. Looks like a reversal to me.
Funny thing is that this was over $13.5 premarket because "they beat", as if 25% decline in sales and losing $.31 per share is a good thing, lol.
Funny thing is that this was over $13.5 premarket because "they beat", as if 25% decline in sales and losing $.31 per share is a good thing, lol.
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Figures it would do the same thing as GM and BA, go up on the beat and drop because people realized they're losing money, lol.
Next time I'm just gonna wait until open to buy options. This market is stupid.
Next time I'm just gonna wait until open to buy options. This market is stupid.
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I only had a small position that expires today, and not worth watching all day. FYI, UAA usually trades with SPX because it's in the index. Hold your puts if you;re bearish for next week.
Puts should be in the green right now, what you guys do is up to you. I took the beer money and left.
Puts should be in the green right now, what you guys do is up to you. I took the beer money and left.
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Looks to me like it's done for the day.... might snag some puts for next week if it bounces.
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@riot4hiatus, I doubt it hits $15 by then, this was tanking even before COVID
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@Nocturnidae, Look at all the cup and handles it formed last year, only to tank on earnings.
My only concern here is that stocks have gone up because they lost less money than estimates. STupid reason to rally, but it's happened with a lot of companies. Heck, they could cease operations and not lose moeny, lol.
My only concern here is that stocks have gone up because they lost less money than estimates. STupid reason to rally, but it's happened with a lot of companies. Heck, they could cease operations and not lose moeny, lol.
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@Nocturnidae, I think it does the same crap as BA and GM, gap up then drop.
THe revenue estimate is 50% of last year, if they can;t beat that then they really suck, lol.
THe revenue estimate is 50% of last year, if they can;t beat that then they really suck, lol.
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@Nocturnidae, no gap, but I made beer money and bailed. I told you TA doesn;t work on earnings
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