Couple months back, I had done a post on Coach (COH), initiating a Bullish position, with a price target of $90. I’m still Bullish on COH. In the mean time, COH will be reporting its Q3 earnings tomorrow. Though it’s hard to predict as to exactly what earnings and future guidance a company will be reporting, the Options Imp. Volatility on COH suggest a HUGE move in either direction. I personally never recommend playing a company’s earnings. This post is not a recommendation, but a cautionary post. If you’re someone who is planning to play COH’s earnings or already have a position on COH, I suggest you EXIT that position, and just sit on the sidelines, carefully observing the stock from a neutral POV.
Here is the Option chain for COH:
Recommendation: NEUTRAL This Week
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