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hungry_hippo
Feb 25, 2020 5:19 PM

BGS Earnings 

B&G Foods, Inc.NYSE

Description

This stock is so heavily shorted (40% float) that it pops on earnings. Note that last quarter it dropped $1 before popping, I actually made money on it by doubling up then it went up the next 2 days as well.

Small play, 10 contracts $12.5.

Comment

Met expecttions, $13.4 AH, target is $15.

Trade closed manually

Decided to take the easy money and run.

Comment

I bailed out early because I'm afraid of this market, really messing up my earning plays. We'll see what happens with FIX tomorrow.

Do not like to go long plays on a 40 point gap down.... but I'm already committed.
Comments
exxodus
We bailed too soon :(
hungry_hippo
@exxodus, we made money, that's all that matters.
exxodus
Nice call. I made a small play here and took profits also.
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