FL Gap Filling

FL

FL missed EPS this am and shares tumble 10%. That’s bad, but puts it back to the gap from Aug 19th, which was $61.58 to $64.68. If we get a panic today, and get the chance to sell puts at the $62 strike, I will likely take advantage of same. Many of the store closings in Sporting Goods sector should be a wind at their backs going forward, even though FL is not a complete Sporting Goods retailer like DKS.

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