Buy KORS via selling March 55 puts @62.6
Luxury goods maker Michael Kors gaps up on earnings. Chart support at 57 and 55.
Elsewhere LGF Lions Gate Entertainment has good earnings. LGF ran up into the report and is drifting lower for the day. The breakout base is at 16, so there is some air in the stock at the 19 range. I am looking at the options, but nothing is compelling. Going out to June means waiting through another earnings report. I may wait until next week when April options become available.
Long BA IWM LGF KORS MON PG QCOM
Net long APC
Expiring this Friday AMZN EBAY GPS LEN TBT