Retail Claus

Santa Clause Rally?  If we get a visit from Santa this year he's coming with a sleigh or sports car full of beaten down retail stocks.


$KSS compelling off support for a move back over $50.  Those December $47.50 at $.50 look terribly enticing.

  • Chart:
  • Trade Idea
  • $KSS $47.50 December calls for $.50



$WMT was a great move off the $56 level from last week.  It mvoed back over $60 on earnings.  While I will wait for the dust to settle, I do think a bottom is in short to medium term and I will be looking for calls into December.


  • Chart
  • Trade idea:
  • DEC $62.50 calls for $.55



How about Macy's.  Hammered down under $40 the stock looks ripe for a recovery off long term trendline support

  • Chart:
  • Trade Idea:
  • DEC $40 calls $.90


Michael Kors

How about that $KORS?

Chart looks tight for a rally back over $50

  • $KORS DEC $42.50 calls $.80



$AMBA despite $GPRO weakness is looking good for a move higher.


trade idea:

December $60 calls for $2.00


There are many more retail names poised to bounce this holiday season. I'll have more tomorrow and this weekend.  I'll be in  the optionmillionaires chat room.  See you there.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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