New Position - COH

After the Christmas season, retail growth had not been good as compared to last year. I expect more bad news to be released.

Yesterday, I buy to open COH Feb 30 Put @1.90 (when the stock is around $30.77). I expect the stock to break new the low (at $29.22)

COH is a mid-tier luxury retailer. As the market is heading towards recession the mid-tier luxury retailers would be greatly affected, more than the mass market retailers.

Others stocks (all for shorting) in my radar:
TGT - though it is supposed to be a mass market retailer, somehow, they are are not doing as well as WMT.

RYL, CTX - Housing stocks

COF, FNM, MER, MS - Financial

- PersianCat04 (Millionaire-in-progress)