Tuesday, January 27, 2009

AZO Earnings Calendar

Earnings on AutoZone is due out on March 3. Volatility will stay inflated or slightly trend higher the next few weeks, which is perfect for a calendar. My first profit target is 15% and I expect to be completely out of the short position by Feb 17. Breakeven is roughly $130 and $141. If price reaches these points, I will adjust the position.

BTO 2 AZO Feb/Mar 135 Call for $4.85

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