TUPPERWEAR ER miss and withdrawn guidance

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Tupperware Brands Corporation (NYSE:TUP)

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NYSE:TUP Tupperware Brands Corporation

indicator

Many companies are missing earnings and withdrawing guidance. I think the 35% drop is overdone, oversold on several indicators. Bought 300 June 17th $12.00 calls looking for a bounce back to $15-16 range but as always will adjust and be nimble on my targets.

Kommentera:

Added 25% more calls on this mornings drop. Stock is more oversold than it was yesterday on two downgrades. Gotta love analysts always late to a party. Entire market was down today. Tomorrow is day 3 of earnings would generally expect a reversal late today or tomorrow. Friday options expiration can be frustrating. Will likely add further on any weakness. $13.14 is fib .236 likely goes to .618 which is $15.04. WAY OVERSOLD

Kommentera:

Added 180 more calls on this am drop. Stock is highly oversold! Total 580 calls

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