My shares should be called away at 90 unless there's a dramatic selloff at the end of the day. I also sold put options against DECK that require me to buy back my position if the stock drops 10% in the next few months.
I'm thinking the high for the day should be pushing 93-93.50, especially if people are patient. Those that are short now are in big trouble. I would like to see some strong support now in the 90-91 range and a steady climb through the end of the year.
Well, there you have it. After 3.288 million shares traded today we closed @ 90.50 which is exactly in the middle of my estimate where I felt there was very strong support. I will continue to follow, hoping for a market pullback prior to the holiday run. GL All.
They will not want to pay the 90 calls is my guess. I say you are about right. I sold at $91.99 after the market and would buy under $88 here but DECK trades strangely so it is hard to tell in one day.
I did not see why it went under $82 a week ago. With this stock over $7 in one day is terrific!
I say whatever it does Friday, next week we see under $90 a some time.