Open Table (OPEN) Option Trade

Open Table (OPEN) Option Trade

After announcing earnings last night, as well as the departure of their current CEO/President, the stock is getting punished today…currently down about 14% on the day.  The stock rose almost 400% from the beginning of 2010 to just last week and sports a...
Open Table (OPEN) Defined Risk For A Short

Open Table (OPEN) Defined Risk For A Short

Yesterday I blogged about OPEN's weak price action (http://steadytrader.wpengine.com/short-opportunity-in-open-table-open/).   While there is support at the $103 mark, yesterday's sell-off left an ugly looking outside (engulfing candlestick) bar.  I...