TUP - hedge your longs with Feb 55 puts

2017年1月18日

On January 13th and 17th, Smart money built up almost 5,000 contracts of new open interest in Tupperware Brands Feb 55 puts. Using Friday Jan 13th's cost of $2.40, break even stands at $52.60 -- basically at the recent support confirmed during the last two weeks of December. These Feb 55 puts include earnings and will profit should earnings disappoint or if recent bullish technicals fail to confirm and the stock price resumes it's downtrend from its Oct 2016 highs.

With the stock price recently breaking out of a downtrend and recapturing the 50 day moving average, I am bullish as long as price stays above the 50dma, but watching for a Failed Breakout Reversal to join the Feb 55 puts.

2017年3月2日

交易進行

The Feb 55 puts appear to have been a hedge as TUP confirmed the breakout and is in a cup and handle formation or some might see an inverse head and shoulders. Target 67 then 71.