$RL Ralph Lauren 10 bagger 2.0

- The poster sold their Ralph Lauren stock for a 400% gain - They bought further OTM puts with their capital - Reasons for buying puts: - CPI and inflationary data is high - Consumer debt has increased - Consumer discretionary spending is down - Competitor PVH Corp is down due to weak demand in Europe - LULU showed North America sales slowing - Predicts China sales will slow - Expects RL's latest quarterly financials to be poor - RL's stock price is overvalued and expected to fall - Predicts RL stock price will drop to $120 by end of May - Position: $60k in June 21 2024 140Ps