I opened up JWN 9/25 put credit spreads $13/$12.5 with a breakeven price of $12.80.

Didn't think it would break $13 - should I close out and cut losses or is there a chance Nike earnings may lift retail later this week by expiry?

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Personally, I cut my JWN losses after ER.

If you can roll the spread I’d do that, but closer to expiry. You might see a good pop next few days just based on the fact it’s been heavy oversold.

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JWN can't be over sold till it hits $0. They own real estate in malls for goodness sake. Down 59% TTM, 24.6 past 3 months.

LOW, HD, DG, WMT, AMZN are reasonable retail plays. Anything in a mall is a bad idea.

MD1. Not saying JWN or luxury retail is the best retail play. Everyone you quoted has mastered both items I listed.

Just challenging the theisis. But if you want to play luxury retail JWN is better positioned compared to peers.

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