10 Comments
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Big JiLm's avatar

We have totally missed the boat on a put spread on target, though its going to get worse with the VP of marketing works for the grooming company they pay $2M a year. https://www.zerohedge.com/political/groom-and-doom-target-shares-mark-longest-losing-streak-almost-5-years

Same with North face, you got anything coming up?

Portfolio Armor's avatar

Target's interesting, in that it's getting hit with the backlash against the woke stuff (like North Face) but also shoplifting. But the question is if that's all baked into the share price yet, and if they'll be able to change course. I'll have to think about that.

Big JiLm's avatar

Greetings! With the midpoint @ $0.65, I placed a limit order @ $0.60, correct?

Portfolio Armor's avatar

Yes, that's what I did. Did your order get filled?

Big JiLm's avatar

Darn, midpoint is $0.625, should I bump to that?

Portfolio Armor's avatar

If you can, sure. It probably won't make a huge difference in whether this trade works out for you or not.

Big JiLm's avatar

it had gone past there to $0.65 and it filled @ that.

Portfolio Armor's avatar

Just posted an update to this one: earnings came in a bit worse than expected, though revenue beat slightly and the stock is down about 5% after hours. We'll see if it recovers a bit before our options expire.