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hungry_hippo
Oct 18, 2019 2:14 PM

UAA Earnings Short

Under Armour, Inc.NYSE

Description

Stock gaps down as soon as they announce the earnings date, lol.

Bought put contracts yesterday when I bought NKE puts, dumped both and re-entered at a lower strike with the profits.

Next weeks puts. I think this to continue dropping next week.

Trade closed manually

UAA rarely goes down more than a buck in a day. Closed it out, and will look at it next week. Nice profit though.

Comment

No idea what this PoS is doing (short squeeze?), but Imma gonna wait until tomorrow to see what it does. Looks like another short opportunity coming.
Comments
exxodus
I have missed this every time. Finally getting in. Nov spread to give it more time.
pirlo21
Who actually wears under armour lol easy short
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