Anyone got any thoughts on Academy and buying calls or going long on it? It's tumbled quite a bit recently.

Not necessarily long but I have several hundred shares with the goal of accumulating shares / selling covered calls with the ultimate goal of net free positions. Around ~36% net free. Probably half of that net free is from ASO and the other is from another stock that I sell covered calls on and use that premium to buy ASO shares.

I go back and forth on if I'm long or not. Stores are busy as hell but at the same time earnings don't always seem to match.

That being said I'm thinking of moving on.

//Would shop ASO before Dicks or Bass Pro. Sporting goods and outdoor gear seem albeit more reasonable there. //Just my thoughts.//

Pop today on earnings.

I've been long since IPO and have always thought the key to expanding multiple was about debt pay down and real estate/lease side of the business, while balancing inventory in stock levels vs excessive markdowns. A concern initially was that private equity loaded them with bad debt to improve the rest of their portfolio before spinning off, but that doesn't seem to be the case. They've been aggressive with debt paydown and seem to be hitting their mark with new stores/leases/remodels.

Where were you guys 3 days ago?!?

Lol, jk I did buy calls but not shares. Shoulda scaled in better though.

I bought call options a couple of days ago.

It was a good morning.