SFIX Earnings Next Week

23 Sep 2019

Beat last 2 quarters but this stock gets no love. They cater to fat people now, and the last time I checked, there's a lot of them in this country. Plus they have TV commercials now, so revenue is bound to increase, the question is their SGA costs.

I'm betting on fat people. They like to buy stuff. Long for earnings. Also, bouncing off of oversold condition with positive MFI divergence.

The only indicator I don't like is A/D, lots of distribution, could be a smaller gap than last time. Options premiums are sky high though.

24 Sep 2019

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Closed it on open for a small loss, figured the market would give up the gap. Probably will re-enter this trade Monday morning, closer to earnings.

1 Okt 2019

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Options premiums are so high on this thing, I opted for a $20/$22 call spread for $.90. Small play for kicks and giggles

2 Okt 2019

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Not so much closed, but the calls are both well out of the money. Should have known they'd have weak guidance, I shorted the fall earnings last year.

I has some XRT puts that more than made up for the $800 I lost on this bet, no more earnings bets for a while, I've guessed the wrong way on the last 3. Cutting into profits.

2 Okt 2019

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Actually sold the $20 calls for 0.17, narrowed my loss to less than $700, which is chump change on a killer day like today. Gotta have one loser in the bunch I suppose.