AutoDesk Inc. ADSK
With things looking choppy for the markets this morning, we are going to turn to a bearish idea for ADSK despite the company’s beat on Q2 earnings yesterday after market hours. The stock began to crumble under the weight of ADSK’s weak Q3 guidance. The poor outlook given, combined with the flow of market tides, could be just the thing for bearish options contracts, namely the ADSK Weekly $135-132 Puts.
There are those of the belief that ADSK stock was already valued too high leading into yesterday’s report, which is why we feel confident choosing to go short at the present time.
TIF Weekly $82-79 Puts
The Buckle, Inc. BKE – Update
We would also like to update readers on another recent idea we floated. On Friday morning, we selected the BKE 09/20 $17.50-20 Calls for a longer-term options idea, and already it has borne fruit just a few sessions later.
The $17.50 Calls have run from a low of .95 and reached 2.31, marking a gain of 143% Meanwhile the $20’s have soared by an even higher margin, trading in a range from .20 up to .72, which works out to a 260% run.
LCI, VTGN, OBLN, TGE, NAKD, USLV, WTER, COTY,