Harley-Davidson, Inc.
Short
Updated

HOG LOOKS LIKE A PIG TO ME

76
HARLEY LOOKS LIKE IT IS UNABLE TO PUSH THROUGH $52.50 AND IS AT THE TOP OF THE BOLLINGER BANDS,
OVERBOUGHT, AND SEASONALLY A VERY QUIET TIME FOR THE COMPANY. THIS IS CLEARLY A "RIGHT OR RIGHT OUT" TRADE.
I HAVE BOUGHT THE JANUARY 50 PUTS @ .58...OZ
Note
SOLD THE HOG 1/50 PUTS @ $1.08
GAIN 86%...OZ
Trade active
SOLD THE 1/50s AND WENT BACK IN WITH THE 1/49 PUTS ON THE RALLY TO $50.70 AND PAID $ .60. CLOSED $ .60 BUT $ .72 BID--$ .82 ASKED...OZ
Note
I published a short on HOG in early January ($51.40) and have traded the puts several times and am now neutral on the stock down here @ $42 since it looks like it is making a bottom between $40-42.
I'm not ready to be strongly bullish until we've established a new range.
So, cover short, for almost a 20% decline..OZ

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