Wednesday, July 25, 2007

Short SHLD Sears-Kmart (buy puts)

Short SHLD Sears-Kmart, by buying SHLD Aug 140 puts

I'm taking a flyer on these puts. SHLD chart looks terrible, I suspect buying is mostly company buy backs and selling is from funds. Earnings were a disaster, retail group is weak. Overall market has a whipsaw higher opening.

Elsewhere BA Boeing and AMZN Amazon lead a long list of stocks moving on earnings.


Positions: long TXN, RJET, short SHLD

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