Aug. 13 at 6:14 PM
$TPR taking a hit today, down about 16% and over 21% in the last five days
Earnings beat but that guidance was rough
Shorts and bears still running the show until we see some stability or higher lows
Options action is interesting
Just three call sweeps today, totaling around 1,464 contracts and
$476K
Saw a 564-contract Sep 25
$135 call sweep at the ask on InsiderFinance
Not a lot of bullish conviction there, just a small group of dip buyers
With IV over 80% on front-week
$130 calls, it looks risky to go naked long
Defined risk plays like call spreads might be smarter
Options momentum has been wild, 9 to 1 in favor of puts
