Buy Alert: March 27, 2017

| March 27, 2017

Buy Alert:  March 27, 2017

 

Trade Details

Buy Michael Kors Holdings (KORS) May 19, 2017 $37.50 PUTS up to $1.90 or better (lower)

 

Why?

Last time we rolled out a protective put on the automakers… and after Janet Yellen bumped rates, the market has stagnated.   

Combine that with Trump’s most recent misstep with the new healthcare act… and we are set for even more uncertainty.

One area could be under fire… the premium clothing market.  Specifically, Michael Kors.  The stock has struggled as of late, and I don’t see anything keeping it afloat.

Let’s roll out a put position and play the recent weakness.

 

Recent Activity

Michael Kors Holdings

 

Category: OTW Buy Alerts