Is This HOG Washed Up?

Harley-Davidson HOG – NYSE

Thursday, October 05, 2017

With the stock market closing at new all-time highs for the fifth consecutive day, the upside is getting plenty of attention. However, if you’re looking for a stock to short, consider Harley-Davidson HOG – NYSE. Earlier today, a trader bought 2,500 HOG October 46 puts for $1.13 each.

HOG

Costing $282,500, HOG needs to decrease 4.3% to the break-even price of $44.87 for this trade to pay off by expiration. Harley is scheduled to announce earnings before the bell on October 17, and poor numbers — as has been the case for the last three quarters — should turn this trade into a winner.

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