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#1 |
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valued contributor
![]() Join Date: Jan 2008
Posts: 49
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Was thinking of picking up some puts on JWN today going into the earnings report after hours since retail has been weak and their forecasts will probably drop the stock ah. JWNOG is at 1.50 a contract right now. Anyone have any insight or suggestions on this trade??
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#2 |
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forum leader
weekly challenge winner 2x
![]() Join Date: Dec 2007
Location: NYSE
Posts: 1,632
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looks like a tough call especially with the way the calls/puts are set up.. looks like a stale mate but hard to judge which side could win this fight. most likely i would side with you on this.. but i doubt that if it pulls back itll happen in 1 session, its possible to see an up day tomorrow even if they get slaughtered in earnings then a drop down over the week
if i were to buy puts on JWN for the downside.. id rather say buy JWN OH implied volatility is significantly lower so you can play the movement and volatility with this one |
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