Author argues Vail Resorts (MTN) faces a potentially record-worst quarter due to warm, snowless conditions and recommends buying puts ahead of guidance/earnings.
Unpriced research observations (excluded from Calls and Returns):
MTN — SHORT Vail Resorts is set for its worst performing quarter, potentially ever, because unusually warm western weather prevents snowmaking, leaves mountains under 50% open, and drives canceled trips, empty hotels, and vacant restaurants. The author recommends buying puts, expecting a decline when the company issues revised earnings guidance or reports earnings. The stated option expirations are February 20 and April 17. ambiguous_option_contract
Buy puts, wait for revised earning guidance or the actual earnings calls