Tiffany and Co. (TIF)

[Cast Iron]

TIF earnings are out on this Friday, BMO

This " could " be a very interesting play now. Based upon previous Q and the market reaction , we could be seeing a strong gap after earning earnings

The question is of course..Gap Up or Gap down ?

One way to play this is trade this using a " Strangle Option"

BUT.. the premium price paid on "both" the Call and the Put could eat up any gain

Or, take a position Trade. which is what i have done.

Based upon the trades in May before the earning result


Disclosure : I have bought Sept 16th CALL options.

Worst Case Scenario : Gap down on Friday after market opens.



Please Note : These are only my opinions.. You need to make your own decisions