Opened a position on AVAV - April 20 Puts w/$20 strike price when stock was at $18.60. This one is going lower for the next few months. There is no reason to go long here. $100 million in orders pushed to 2014 is not good news for 2013. If you want to go long you can get in lower. Look for the 15's in share price soon.
Well.. every trade does not work out the way you plan...at least not today...lol I've had some really good ones lately... I still think this will go down to the $15 area... but I would have liked to go short around 19.60 instead of 18.60... I was out for the day and did not open another position.. we'll see what tomorrow brings.