Quick review of post-earnings reaction in Costco

A few charts to give some perspective on the reaction to Earnings in $COST this morning:

COST_plainCOST_Supp COST_TL$110.19 is the 8/29 lows being probed here. I have exited the Long October 11 weekly 113 Puts (from Diag Put Cal) leaving the Short Oct 25 weekly 112 Puts in place. I took out $2.89 plus the initial $.20 credit so the net is +3.09 as of now.

Leaving the Short Puts means I could be Put Stock at 112 – with a basis of 108.91 utilizing the current trade cushion.

One thought on “Quick review of post-earnings reaction in Costco

  1. Pingback: Position Updates – 10/11/2013 | 1nvestor

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