Very particular price move. It trades within a channel for months, breaks up and then goes back to the bottom of the channel. Looks like is going to do it again. I bough some puts expiring on the 28th, I don't think the market is going to crash soon, but it's a way to cover all my longs in short term. I don't mind if it expires out of the money. I'm very long on other stocks.
Comment:
Comment:
I sold a few puts. Leaving the rest in case it drops more. If it bounces back up I''ll buy more.
Trade active:
I still have a few puts here. It may pull back as shown, If that's the case I'll buy more. At the moment I'm holding those puts. If you can tolerate some risk you can buy a few ones to expire on the 28th strike 110 and buy much more if it pulls back.