UAA Earnings

On top of FAANG stock earning tonight we have UAA. Overbought and NKE did horrible so I can;t imagine UAA did well this quarter. It could do something stupid where it goes up because they lost less money than expected, but taking a stab at this, small play.

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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.

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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.

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.

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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.

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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.

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Looks to me like it's done for the day.... might snag some puts for next week if it bounces.