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Options Strategies
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Re: Week 74 // Update on LT4 (CMG)Current thesis is 865-875, with pps = $877. What to do? First thing I did (yes, another trade): LT4C: Closed (10) CMG 865/862.50 put spreads AND Sold (10) CMG 875/872.50 put spreads for +.41 (+4.10) at 1:03pm when CMG = $477. For those of you who want to save money, roll to next week with a bearish thesis (my take). Or roll with a bullish thesis (sell new put spreads. Either roll at this time will cost about $400 for the 10 contracts. Which happily is paid for by the above sale of put spreads. The stock may still yet come back below $875. |
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Msg # | Subject | Author | Recs | Date Posted |
5112 | Re: Week 74 // Last Update for the Day | sandiegodude2000 | 2 | 1/17/2020 1:12:42 PM |