Deckers (DECK) is a fallen glamour stock. The company is best known for its UGG brand. We’ve been tracking the company for a while but only got interested after the recent plunge in the stock, which is off about 66% from its 52 week high. Today we initiated our first positions on the stock through the selling of put options. If the stock gets cheaper we would be willing to acquire more of it. Our rationale for the investment is expressed below. Thank you very much!
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.