Analysts used to gauge iPhone sales by the length of the line at Apple stores. General opinion and uninformed individuals are doing the same for RL, regarding in-store sales. Supply chain efficiencies improved significantly, YOY, revenue from online sales overseas is most robust it has ever been, and domestic transactions in America are strong online. If iPhone...
Michael Kors charts seems in the middle of a 3 wave correction on the daily timeframe. I'm expecting the completion of this potential expanding flat before one more wave up. Bearish divergence and gap to fill.
Making a Bull Flag consolidation Had a previous uprun. Look for declining volume within this pattern. You could buy at the bottom of the consolidation but watch breaks below 60 Clear buy above 70. Sell at double top at 99.
Michael Kors (KORS) has had an impressive 6 months skyrocketing up in its price from just over $30 to $65+ now . That's (almost) more than a 100% increase in six months (depending on your entry price). Stating it as an annualised return is stupid but it's fun to just say that that would mean just under or over 200%. In any case, the run up has been great. But...
Michael Kors (KORS) is a company that has been on my radar for a good quarter. Ever since the retail apocalypse, many retail stocks continue to pop up on my screens in my search for deep value. KORS is an interesting play, and I will have a detailed write up on it on my investing blog (rockvuecapital.wordpress.com) within the week. But for now, lets look at the...
Bull Call Spread on KORS / Date: 09.02.2017 Buy 1 ITM Call / Sell 1 OTM Call 37 / 37.5 (17th Feb) 0.9/-0.7 -> Net Investment is a debit 0.2
Currently, there are three earnings announcements next week that meet my >70% implied volatility rank, >50% implied volatility standards: YELP, KORS, and NVDA and that offer up at least 1.00 ($100)/contract in credit for my troubles. Preliminarily: YELP Aug 19th 26.5/38 short strangle goes for 1.09 ($109)/contract at the mid (Tuesday after market close). KORS...
KORS Potential short term rebound, testing support level with confluence with a key fibonacci level. Short stop loss at $39.80. RSI indicates oversold, recent spike in volume.
KORS had a nice bullish retest gap. It has retested off of the 10 ema on the daily. Plus $50 is a decent support. I will consider BTC this put sale if KORS closes below the Low of today. I will also BTC put sale if KORS runs and I can exit for a 70% gain on available prem. .50 limit
I am bullish on E.R and this was the best risk/reward trade for the day
KORS (IVR 96/IV 53) announces earnings tomorrow before market open, so if you're going to put on a play, do it before today's market close. Options liquidity isn't great, so you may want to do some price discovery on your setup, looking for a fill above the mid price ... . I'm going short strangle due to the price of the stock: Nov 13th 34/45 Short...
With volatility having bled mightily out of the broader market, earnings plays is where the premium selling game is at, so that is what I'm focusing my attention on this week. With earnings plays, I'm looking at doing either iron condors or short strangles (buying power permitting) for underlyings with an IVR above 70 and high IV (50+). To a certain extent,...