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Trading Retail Same-Store Sales (Includes Video)

Another issue with and issue that was recently priced is that typically the options are completely overpriced relative to a stock that has been trading for a long time. Because of this we are going to sell a put spread over getting outright long calls in KORS. The May 46/43 put spread collects over $1.00 and has decent odds for success. With the stocks slow trend up and relatively pricey IV, I think we can be out of this trade faster than many realize. Our goal is to buy the spread back for less than $0.50.

Trades: Sell to open KORS May 46 puts at $2.40 and buy to open KORS May 43 puts for $1.30.

Net sell the 46/43 put spread at $1.10.

Options Industry Council FREE Three-Part Webinar Series: Part Two Wednesday, April 4 at 7pm ET. CLICK HERE FOR INVITE AND TO REGISTER.

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Mark can be followed on Twitter at

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At the time of publication, Jill Malandrino, Brian Sozzi and Mark and Lauren Sebastian held no positions in the stocks or issues mentioned.
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