Monday, July 16, 2012
Long break from the blog and meaning to make some posts again. Trade today is buying HOG Aug 38 puts ahead of tomorrow's earnings report. Citigroup had a report out last week expecting sluggish sales and upside on the stock is very limited. Have seen a lot of interest on the August 38 puts the last few days, so looks like traders are taking hedges that earnings will see the stock drop. Getting into August puts for under .60, and could see an easy double/triple if earnings disappoint.