DKS is under pressure with more stores opening and severely lower revenues from sales. Stores are opening in markets that are depressed. This will cause a significant run at the cash on hand and could cause a failure. I shorted in March to May and now April to June. 10 contracts to the lower in anticipation of week financials for q-1.
I am short at 10 calls at 23.00 with a bollinger lower level 18.00.
Resistance is at 200DMA on the monthly. Looking lower to me.
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