On a day when the market was mixed, DECK (Deckers Outdoor Corporation) rose 4.61% on double its average trading volume. Of course I could be arrogant and think folks bum rushed the stock based on my rosy analysis last night. It is also quite possible, that some hedge fund managers watched Al Rokers frigid north east forecast, and decided it was time for folks to buy the boots, so they bought the stock.
Either way, DECK was a money maker for those who played it today. We brought the $90 calls up as a great risk vs reward entry @ .60, and they closed at $1.10.
DECK still looks to have some room to run, and the $90 area should be hit in short order.
Much more to come on DECK...
great alert!!!
Thanks!