PVH looking for support

8 sie 2019

Currently in a downward trend and unlikely new investors will buy. It is retail for Calvin Klein and others and is not doing so well fundamentally. Tariffs on China will make this stock untouchable unless good earnings and price enough for value investing. Next support of downward trend should approach at 70.20 then 65.00. RSI is very low but can remain around there for a while due to macro economical factors. Looking at 15% ish downside over next few months.

18 sie 2019

Zlecenie aktywne

Initial position was Vertical put at 80, 75 along with a 90 put calendar.
Updated: see a potential bounce so bought an 80 calendar to reduce risk

5 wrz 2019

Uwaga

Holy crap! someone exercised 3 contracts of the 90 puts which I sold meaning I had take on 300 shares.... Freaked out and ultimately just got out of the trade over the past two days. This was a mess still walked out with a decent profit but what a day.... Definitely forced me to better understand the nitty gritty when it comes to others exercising. What a lesson, handled somewhat gracefully though.