By the way, Top Trade People, make sure you read today's special report with 10 Trade Ideas in this downturn (as well as last Wednesday as well):
2,400 Tuesday – S&P Tests the Bottom of our Target Range
Thursday Failure – Trump Shuts Travel, Provides No Solutions, No Stimulus – Market Tanks (again)
- Vail Resorts (MTN -0.3%) to close all North American resorts and retail stores will remain closed for the 2019-20 winter ski season due to coronavirus.
- The Company will consider reopening Breckenridge, Heavenly and Whistler Blackcomb dependent on the situation with COVID-19 and weather conditions.
- Additionally, the Company's owned and operated lodging properties will close on Friday, March 20.
- Epic Mountain Express, the Company's Colorado transportation service, will run through March 18.
- Previously: Colorado governor orders closing of all ski resorts (March 15)
Oh, we are totally buying them!
Damn, I forgot the reason we don't play MTN is because they don't have long-term options but they do have December and we can sell 10 MTN Dec $100 puts for $11 ($11,000) in the LTP because people don't understand that the 2019-2020 ski season ends in April anyway – not as bad as it sounds.
I'd love to also buy the $140 ($48.50)/$180 ($28.50) bull call spread for $20 but we are collecting money ($150,000 in two weeks) for the LTP, not spending it unless necessary (roll downs).
