FOSL fell post earnings report. Its meandered in a range and options premium has cooled after the big drop. The stock sits at some serious multi-year support. I think there is no better time to play for a bounce. It is a simple trade, we break support, head for the hills, we stay above support we could get a 5-10% move higher. This is what happened each time this old Fossil has hit support. Let's see if it happens again.
I have the $80 may calls at $1 and the $85 may calls at $.20.
You could move out to next month with the $85 calls for June going for $2 and the $90 calls going for $1.
$FOSL 2 insider buys even more reasons to believe it will do a reversal..IMO.. BTFD .. lol
May 10 2012 insider Buys
http://www.sec.gov/Archives/edgar/data/883569/000112760212016472/xslF345X03/form4.xml
http://www.sec.gov/Archives/edgar/data/883569/000112760212016459/xslF345X03/form4.xml
AWESOME~~~ its money making time!!! thnx Max!~
Are you still in it or you sold ? just saw another insider buy of May 14
http://www.sec.gov/Archives/edgar/data/883569/000112760212016743/xslF345X03/form4.xml
FOSL’s low point in its 52 week range is $69.57 per share, with $139.20 as the 52 week high point.