Buying some puts tomorrow which probably means they beat. Not doing great on earnings guesses... but I'm so bearish on this with PE at 100, I can't help myself.
Trade active:
Grabbed some puts here, next week puts for earnings.
We'll see if this PoS manages to maintain PE of 115 after earnings. Ridiculous valuation, but that's how the market works.
Note that this is a crowded game, lots of UAA short interest, I would short with options not stock, and not throw a lot into it because it might go up just because it lost less market share than expected or some other stupidity.
The market makers want that huge gap from last earnings...
We'll see if this PoS manages to maintain PE of 115 after earnings. Ridiculous valuation, but that's how the market works.
Note that this is a crowded game, lots of UAA short interest, I would short with options not stock, and not throw a lot into it because it might go up just because it lost less market share than expected or some other stupidity.
The market makers want that huge gap from last earnings...
Trade closed manually:
Flipping the puts on open, big enough win, don't need to push it.
Trade active:
Rolled the profits into $18 weekly puts for kicks and giggles on the short cover rally. I think it's got one more day of weakness before it reverses, possibly a test of support at $16.5. Only buyers right now are shorts covering.
Trade closed manually:
Well that was fun. Probably gonna get a dead cat bounce sooner or later so I'm out.
Done playing this turd for a while, not sure where it goes from here, but probably gonna whipsaw a bit.
Done playing this turd for a while, not sure where it goes from here, but probably gonna whipsaw a bit.
Trade active:
I think that was it for the dead cat bounce, some weekly $18.5 puts here
Trade closed manually:
Flipped most of my puts on the morning dip including all of my UAA
Comment:
Big red bar and headed down to at least a double bottom
Trade closed manually:
Consolidating my portfolio, this one looks played out anyways.
Justice Dept and SEC accounting probe, they better beat big on earnings or this is gonna tank bog time. Announcement of accounting probe is usually a 10% drop, look at KHC, even if it's a minor issue.