Update On Ralph Lauren (RL) Short

Update On Ralph Lauren (RL) Short

After announcing earnings on May 25th, Ralph Lauren dropped 11% due to profit margin squeezes.  On May 25th we sold far out of the money calls as implied volatility and hence options premium were juicy, as highlighted HERE.   Two days later Citigroup...
Burberry (BRBY – LSE) Eyeing Lower Levels

Burberry (BRBY – LSE) Eyeing Lower Levels

After announcing earnings yesterday, Burberry tumbled lower and today is regaining some footing.  The theme among clothing retailers has been the same, be it Aeropostale (ARO), Ralph Lauren (RL)  or Gap (GPS)…higher input costs are weighing on profit...