Not only is this a good stock pun. BUT retail has been hammered the last few weeks and just maybe GPS can surprise to the upside. After all it has sold off about 20% already this month. With the protective puts through next Friday my risk is capped at $1.44 per share. If there is a strong gap I will be selling the rip.
Lots of IV and premium out there, good area of support down here and have time for earnings to get digested. I was also called away a couple months ago at 177.50 so getting shares back at an average of 127 and change wouldn't be too bad.
Entered a position with the large gap down and apparent "trap" in the following days. Only long 100 shares, will look to add at the green levels and trade around a position. Selling the CC is over earnings if it gaps up and gets called away fine otherwise helps the DCA a little bit.
All of healthcare is feeling the BERN. Overdone and HIIQ has HUUUUGE IV with 98% Q/Q sales growth. Free money?
P.S. if this does BERN down I will buy to close for a loss, not sure I really want to own the shares.