My theme today has been sell the rally and short the retail names whose extreme bounces have setup some nice plays. I put on some Lululemon Athletica (LULU) shorts to go along with my Decker's Outdoors (DECK) puts from earlier. I'm looking to cover into any weakness over the next few days, and buy my favorite names on sale like Hansen Natural (HANS), Baidu (BIDU) and Arcos Dorados Holding (ARCO).
This is not a recommendation to buy or sell any securities. DAK was long HANS, BIDU and ARCO, and short DECK and LULU at time of publication but positions can change at anytime.
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