Hot Trading Strategies For A Cold Market: Buffalo Wild Wings (BWLD) Strangle Option Play

Monday, July 27, 2009

Buffalo Wild Wings (BWLD) Strangle Option Play

Buffalo Wild Wings will report earnings after the bell, and historically the swings are very violent. Today I opened a strangle option strategy for the 35P/40C. By looking at the chart it looks like least resistance is to the downside, but I am not underestimating the 30% short interest on this stock. I am hoping for a hit or miss on earnings, so this play hopefully pays off. Sphere: Related Content

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