We bought four January 129 puts for 0.31 based on an intraday recommendation made in the chat room and via e-mail. Use a 0.21 stop-loss for now. This means you should sell the puts at-the-market if they trade for 0.21 or less. _______ UPDATE (3:42 p.m. EST): This speculation proved short-lived when the broad averages took another leg up on word of a fiscal-cliff deal. The trading loss on a 0.20 stop-out was $44. I remain keen on getting short early in 2013, but we’ll wait for a better opportunity.
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Tuesday, August 1, 2017
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