Bears Cashed In on Harley Davidson Stock's Ride Lower

The equity is now down 21.4% for 2023

Digital Content Manager
Aug 18, 2023 at 10:22 AM
facebook X logo linkedin

Schaeffer's Options Advisor subscribers saw a 100% profit with our Harley-Davidson Inc (NYSE:HOG) November 39 put in less than a month. Let's dig deeper into the logic behind this trade to understand how investors successfully doubled their money. 

At the time of our recommendation on July 28, Harley-Davidson stock was fresh off a quarterly earnings miss. While shares rallied, their intraday reaction came in at the 40-strike and saw heavy call open interest. Plus, the downward sloping 200-day moving average was overhead, and the equity carried a 38.2% Fibonacci retracement of its 2023 closing high and low.

The stock also showed extremely weak price action, and was down 10% year-to-date. Yet, short interest hovered near multi-year lows, making it a prime entry point for bears.

Shares continued to fall in the subsequent weeks with help from multiple analysts cutting their target prices, and now carry a 21.4% deficit for 2023. Though HOG was last seen up 0.2% to trade at $32.79, our subscribers closed their positions yesterday, which allowed them to cash in on Harley-Davidson stock's  full ride down the charts.

HOG 200 Day


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI