Let’s protect some DECK gains.
Sell to close the DECK June 2015 67.50 calls, as well as the April 70 calls for gains. I just want to protect current gains. Be sure to hold the DECK April 75 calls and March 75 calls, though, as well as the underlying stock.
DECK is still very much oversold. But I want to protect some of what we have.
At the same time, sell to close the KBH March 12 calls and April 12 calls for gains, too.
Hold all other trades, including the American Airlines (AAL) May 46 put. The stock is reversing nicely on oil’s latest move higher.
Over the last week, we opened a few trades on the over-extension in shares of DECK.
Stay tuned for more.
Ian L. Cooper
Forgotten Profits