Entry comments: Expecting a long term bounce towards $470, but also expecting a good bounce from earnings announced on Thursday. This is a gamble, but market is bouncing, retail bouncing, and COST is a membership based retail model and more oversold that $TGT & $WMT.

Exit comments: Thursday morning it gapped up to $449. I waited an hour for it to pass morniing HOD at $453. Not huge volume and struggled a bit, but sold into push over $453. My strike was way too far out at multimonth resistance. Should have paid for a closer strike, like $450. Oh well. Good almost 130% profit. Planning on a gap up with earnings today and will buy puts around $465/470.