OXM overbought heading into earnings

All the sudden the market is pumping the crap out of retail as if China trade deal is a done deal.

OXM earnings after market close, bought a couple $85 puts here above $80. Earnings are always a crap shoot, there's definitely a chance that a short squeeze could push this over $85

Kommentera:

Down AH, looks to me that it wants the gap at $70. Earnings weren't terrible, but no growth at all.

Will probably flip the puts tomorrow morning regardless.

Kommentera:

AH prices are about where I put the end of my arrow...

Kommentera:

Guidance sucked. Could see this hit bottom again....

Handel aktiv:

Decided to flip the $85 puts and bought some $70 puts to lock in profits. There's a chance it could do a two step drop, just didn't want to sit around and watch I all day. Now that profits are locked in, just gonna let it ride.

Really should have doubled up on that gap fill attempt. Low float stocks move so slow, I really couldn't tell what it was trying to do. Figures it would hit the AH price though which was $72, so here we are....

Trade stängt manuellt:

Looks to me like it's going to double bottom. but I'm done playing with this because there's no weekly options.