Comments: Stock is overbought. This is an out of money, speculative put. I will quickly get out on any 20% gain or will convert to spread.
Follow us at Facebook/ Twitter for instant access to the posts at http://www.mywealthyoptions.blogspot.com/
Updates to the "Last 10 trades" section of the blog will be made shortly.
Love your blog.
ReplyDeleteCheck strikes on #44
Thanks. Strike prices are correct. Currently, it is trading at about $1.97.
ReplyDeleteI didn't mean the premiums, i meant the actual strikes . . $63 . . $66 ?? Out of the money by $70 ??
DeleteMy bad, it is for QQQ not SPY.
ReplyDelete