Another chance to go long on XRT. Macy is just one store, everyone else reported high holiday sales. Should close this gap by Monday. Cashing out on the gap close. Short term trade (3 days or so).
XRT options have good liquidity and low premiums. Easy to trade.
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Assuming the computerz pump the futurez overnight, I'm flipping these calls when it hits $44.5 tomorrow or Monday. Will reassess the situation afterwards.
If I'm wrong, I'll just have to hold them a little longer.
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Note: XRT recovery is looking a lot like Nov 2017 to Jan 2018 chart. You can see why I bought into calls right away this morning.
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XRT went up with the market tanking....
Decided to get out while the going was good, especially with a big GM win.
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Oh hellz, I bought back in at a higher strike on the dip. the market has to melt up and there were quite a few retailers in the green.
I expect some afternoon weakness, but it is what it is.
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Looked like it wanted one more leg up but the govt shutdown means no retail numbers today. Appears to be coiling in a wait and see mode as do a lot of retail stocks. Futures will probably take it down though.
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I bought some calls yesterday, will probably be dumping Monday. I will hold on to my Lulu calls though.
I definitely need to learn to be more patient, lol. Making money on this one though. Options premium is cheap.